Project Costs

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Introduction Understanding and managing the costs associated with with a project is an important consideration. Associate estimated and actual costs to the project Adding costs to a project Use the + icon to add a new project cost Description: Add a description for the new project cost Type: Select which cost type the new project cost will be recorded against Currency: Provide the currency for the project cost Cost: Provide a value for the project cost Quantity: Provide a quantity for the project cost Use the Add button to add the project cost On adding the project cost, the costs will be added as estimated and actual costs and quantities Managing costs on a project Edit or provide actual costs and quantities against project costs by clicking on the project cost you wish to edit from the list view Description: Update the description if required Currency: Change the currency for the project cost if required Cost: Update the Actual cost if different from the initial estimate Quantity: Update the Actual quantity if different from the initial estimate List View View all project costs in list view Type': Project Cost Type grouping Description: Description for the project cost Created By: Who added the project cost Estimated Cost: The cost provided when the project cost was added Estimated Quantity: The quantity provided when the project cost was added Actual Cost: Current Actual Cost Actual Quantity: Current Actual Quantity Total Cost: The actual cost multiplied by the actual quantity Click on a project cost to review, or edit it's properties. Use the search option to find project costs by their description Use the Cost type option to filter the costs by a specific project cost type Chart View A series of chart metrics based on project costs Project Costs by type (% of overall project cost) Project Costs by type (Actual) Estimated v Actual project costs by project cost type Administration When project costs are added, edited or removed this is audited and written to the audit trail tab of the overall project as well as against the audit tab on each Cost, where it can reviewed. Manage the available Project Cost Types in the admin console and simple list Project Cost Type