Recalculating costs of all resource plans in a project

Recalculate the resource costs of all resource plans in a project whenever the hourly rates change in the associated rate model so that the plan costs are up to date.

Before you begin

Ensure the following setup:

• The project must be active.
• The project must have an active rate model assigned.
• The resource plans must be in the Planned, Requested, Confirmed, or Allocated state.

Role required: project_manager

About this task

This option recalculates the costs of all resource plans of the project at once. You can also open a resource plan from the Resource Plans related list to recalculate the resource costs of an individual resource plan.

Procedure

1. Navigate to All > Project > Projects > All.

2. Open a project.

3. On the Project form, right-click on the header bar and select the Recalculate Resource Costs option.

4. In the Recalculate Resource Cost dialog box, fill in the fields.

1. Select OK.

Result

• Recalculates the selected resource costs of all the applicable resource plans in the project based on the latest hourly rates. The hourly rates are derived from the rate model associated with the project.
• Updates the recalculated resource costs on the respective cost fields on the resource plan form and the Resource Plans related list.
• Reflects the revised values on the respective cost fields of the project.

Parent Topic:Starting a project

Related topics

Create a project task from a project

Create a parent-child relationship on the Project Task form

Create a monetary benefit plan for a project

Create a non-monetary benefit plan for a project

Associate monetary and non-monetary benefit plans

Create a project cost plan

Create an expense line

Create and manage waterfall projects

Update a project

Copy a project

Assign a project schedule

Create baseline of a project

Create a milestone

Activate project task email notifications

Change the planned start date of a project

Create a cost type definition

Costing add-on in Project Management

Generate labor costs

Create a project status report

Allocate budget to a project

Migrate budget of active projects to Next Experience

Migrate financial baselines of projects to Next Experience