Managing Resource Costing Simplified
Managing Resource Costing Simplified
As Engineering resource planning and management is integral to successful project delivery within time and budget, engineering resource costing is essential for analyzing resource cost variance in Project Management to track Project Profitability. Currently, these are managed separately in SmartProject. Hence a provision to carry out Project Resource Costing, by linking resource booking and timesheet/ bulk time posting with the Cost Management module is introduced. The following facilities are included.
• Provision to specify the standard rate per hour for user groups. The value specified here will be fetched automatically when a timesheet booking is created for a Role.
• Provision to specify external rate/hour is available in the Resource Costing window for role-based booking. In the case of role-based booking, the budget is calculated using the rates specified here.
• While creating a budget line item, an option to select a budget type from a drop-down list is included. Options available are General, Material, and Human Resources. Using these options budget can be linked to BOQ material or resource.
Related Posts
Enhanced Notification System: Email & WhatsApp Alerts
Stay Updated with Real-Time Notifications In project planning, especially for DAB (Dispute Adjudication Board) or Arbitration activities, it’s crucial to be alerted when important events occur related to tasks or rules. With our latest update,…
Smart Scheduler with Gantt Chart Integration
Wrench SmartProject Smart Scheduler now comes with an intuitive Gantt Chart feature, providing a powerful way to manage and visualize your tasks. With this latest update, you can easily track task progress and deadlines, all…