Track monthly costs

[Sean]

Hi,

I have to rent an office on a month to month basis for a project. On the
first of every month, I will incur the same cost. In the last month, I will
incur the same cost whether the project ends on the 4th or the 30th of the
month. How do I track this in MSP?

Thanks in advance.

 

[Jim Aksel]

MSP2003: Use a material resource "rent" and set it to accrue at the start of
the period. There is no difference for the last month. Set your monthly
rent in the "Cost/Use" field.

MSP2007: You could also use a material resource, but a cost resource type
might be more appropriate.
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Jim

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http://www.msprojectblog.com

 

[Sean]

Thanks for the quick reply.

"Use a material resource "rent" and set it to accrue at the start of the
period."

So do I have to create tasks that start on the 1st and end on the 31st of
every month? Something like a "Pay Rent" task? Then assign the rent
resource to each task?

Is there no way to just create a recurring cost that happens on the first of
every month?

"Set your monthly rent in the "Cost/Use" field."

Do I leave "Std. Rate" at 0?

Thanks again for any advice... :^)

 

[Jim Aksel]

Of course!
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If this post was helpful, please consider rating it.

Jim

Check out my new blog for more information:
http://www.msprojectblog.com

 

[Mike Glen]

Hi Sean,

Just Insert/Recurring task set up for a monthly task and assign the cost to
that.

FAQs, companion products and other useful Project information can be seen at
this web address: http://project.mvps.org/faqs.htm

Hope this helps - please let us know how you get on

Mike Glen
MS Project MVP
See http://tinyurl.com/2xbhc for my free Project Tutorials