Recalculate costs of a resource plan

Recalculate the resource costs of an individual resource plan for a project or demand whenever the hourly rates change in the associated rate model.

Before you begin

Ensure the following setup:

• The project or demand must have an active rate model assigned.
• The resource plan must be in either Planned, Requested, Confirmed, or Allocated states.

Role required: resource_manager

About this task

To update the costs of all the resource plans of a project or demand in one go, you can use the Recalculate Resource Costs option from the project form or demand form.

Procedure

1. To open a resource plan of a project or demand, perform one of the following actions.

   • Navigate to Project > Projects > All, and open a project.
   • Navigate to Demand > Demands > All, and open a demand.
   • From the Resource Plans related list, open a resource plan for which you want to recalculate the costs.

2. On the Resource Plan form, select the Recalculate Resource Cost related link.

3. In the Recalculate Resource Costs dialog box, specify the recalculation period in the Start date and End date fields.

   By default, the Start date field has the current date and the End date field has the end date of the resource plan.

4. To recalculate the planned cost, select the Include planned costs option.

   The Include planned costs option is available for a resource plan in the Confirmed or Allocated state. The option isn’t selected by default.

5. Select OK.

Result

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

Parent Topic:Resource plans

Related topics

Create a resource plan

Use Resource Finder to analyze resource availability

Create an operational resource plan

Request resources

Confirm a resource plan

Confirm and allocate a resource plan

Request a change to a resource plan

Update cost plan related to a resource plan

Complete an allocated resource plan

Cancel a resource plan

Delete a resource plan

Extend a resource plan

Request extension of an allocated resource plan

Allocate resources for the extended period

Reduce the duration of a resource plan

Time zones in resource plans

Associate a time card with a resource plan