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1. DEVRY PROJ 586 Week 4 Update Microsoft Project NEW
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Week 4 Update Microsoft Project
Most projects have fixed costs to account for. These are such
things as mortgages and other costs that do not change with
production. Fixed costs need to be accounted for in projects. If
your project has fixed costs, follow the following steps.
Step1 Update Microsoft Project with Fixed Cost Information
Resource Fixed Cost List Instructions Microsoft Project 2013
The following steps should be followed when setting up your
project fixed costs with Microsoft Project:
Go to the gray area at the top of the project on the Duration
column and Right Click and choose Insert Column. Type in
Fixed Cost and hit enter.
Enter the fixed costs above in the fixed cost column as listed
adjacent to the appropriate tasks.
Step 2 Update Microsoft Project with Variable Cost Information
Variable Resource List

2. Most projects have variable costs. These are costs that change
with the amount of work being done. These are commonly seen
as dollar per hour costs. Most of your resources will be dollar
per hour costs. Follow the steps below to enter this data.
Resource Variable Cost List Instructions for Microsoft 2013
Using this information, go back into the Resource Sheet to
update the hourly rate for each resource.
Click on the View tab. Click on the Resource Sheet icon under
the Resource Views section. The resource sheet icon is the
middle icon on the right of this view with two heads. Check to
make sure the Type field is Work and enter the dollar amount
above for the hourly rate for each resource in the Std. Rate
column.
To access various reports with cost and other information
select Reports under the Project