Re: multiple pay rate for resources

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anonymous_at_discussions.microsoft.com
Date: 08/13/04 

Date: Thu, 12 Aug 2004 21:33:27 -0700

THANKS! this has been something i've struggled with for a
long while, i thought maybe i was missing something or
just didn't know how.

your feedback is very much appreciated!

>-----Original Message-----
>There really isn't a way to do that. Project uses
standard rate for all
>hours for all work performed as regular work, essentially
for work done
>during the regular work hours as defined by the
resource's calendar, and a
>single overtime rate for hours worked outside of the
regular work hours
>calendar designated as OT hours. You can get a partial
solution by using a
>mean rate for the OT rate, say something like 1.75
standard instead of
>either 1.5 or 2 times but I have to wonder, why bother?
Project is a budget
>estimating tool - operative word is "estimating" - , not
an accounting, time
>and billing, or payroll management tool, and at best all
of those figures
>are basically just approximations for budget and cashflow
planning and
>progress monitoring purposes anyway. Usually a final
estimate that's within
>+/-10% or 15% of the actual costs is considered to be
very good. In fact,
>in many cases PM's don't even try to use actual wage
rates in the cost
>calculations, preferring instead to use something called
a "burdened labour
>cost" which reflects a standard mean wage for a given job
category plus
>included pro-rata allowances for benefits, sick leave
costs, overhead such
>as rents and utilities, recruiting and training costs,
facilities costs such
>as desks, computers, or tools, etc etc. For example, you
may have 10
>engineers whose salaries range from $50k for a newly
graduated junior new
>hire up to $100k for an experienced senior engineer but
for staff budgeting
>and planning purposes you might just use a standardized
rate of, say, $70k
>across the board for each of them. In trying to refine
it down as much as
>you are you're coming awfully close to micro-managing
with the danger of
>losing sight of the big picture. Let the accounting
department worry about
>getting it to the penny accurate based on timecard data
and cheque stubs.
>
>--
>Steve House [MVP]
>MS Project Trainer/Consultant
>Visit http://www.mvps.org/project/faqs.htm for the FAQs
>
>
>"maria" <maria@2rs.ca> wrote in message
>news:564201c480cf$8b595690$a401280a@phx.gbl...
>> hello,
>>
>> i'd really appreciate it if someone can tell me how to
>> enter a rate system for a resource that goes like this:
>>
>> Person 1 gets paid
>> - regular rate from monday to thursday
>> - time and a half on fridays
>> - double time on saturdays and sundays
>>
>> its ok when i only have to schedule for a short term
>> project (2 weeks) but i'm lost as to how i would do it
for
>> long term projects that goes for months.
>>
>> any suggestions would be a great help!
>>
>> thanks,
>> maria
>
>
>.
>

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