how we can identify the cost is negative or positive.

[Sam]

i open a view "Resource Cost" in project detail .

how we can identify the remaining cost in loss or profit. either it is in
negative or positive .

why there is not showing negative cost in squrare brackets.

 

[Andrew Lavinsky]

If I understand you properly, you would like to insert some sort of a cost
marker - like a contract cost, and then have Project calculate against that
to determine if you made your margin or lost money....?

Typically in 2007 you would do that with a Budget Cost Resource. Search
the Project help screens for that. Once you've established a Budget Cost
Resource, you can then create custom Enterprise fields to track how well
you're doing against your margin - for the entire project.

You may also be referring to your Cost Variance - which is a built in field
mapping your current estimated costs to the baseline cost. If that's the
case, your administrator would need to make sure the field is displayed in
your view - and you would have to confirm that baseline costs are set.

What are you looking for exactly?


- Andrew Lavinsky
Blog: http://blogs.catapultsystems.com/epm

 

[Sam]

I want to know if i budget cost for one task is $ 10,000 and its cost is
11,000 with the specified period . and actual cost is $ 13,000 now the cost
variance will show loss in negative value means in bracket . but how .
because here it is not showing.

kindly reply me soon

 

[Andrew Lavinsky]

So you're looking for a timephased cost variance? I.e. not the variance
in budget for the task overall, but the variance in budget for the task in
any given time period?

There's not any native way to calculate that per period, but the CV field
for Earned Value gives you something similar by showing the cumulative Cost
Variance as of each time period. Have you looked at using Earned Value?


- Andrew Lavinsky
Blog: http://blogs.catapultsystems.com/epm

 

[Gary L. Chefetz]

Sam:

Create a formula in a custom field to make the calculation.