Re: Budget Resource vs. Baseline Cost

Adding a note to Mike's reply - Baseline Cost isn't entered, it's computed. The Budget Resource is the amount you have been given to spend. The Baseline Cost is the amount you predicted it would cost based on the original schedule and resources. Cost is the amount you're forcasting it finally will cost based on the current schedule and resources as adjusted to reflect progress to date. Hopefully BR>=BC>=C. If it isn't, update your resume because you're going to run out of money before you run out of project <grin>.
--
Steve House [Project MVP]
MS Project Trainer & Consultant
Visit http://project.mvps.org/faqs.htm for the FAQs


"Rachel" <Rachel@xxxxxxxxxxxxxxxxxxxxxxxxx> wrote in message news:CA3DAFDD-BD07-404C-BBAA-7EDDD95128F3@xxxxxxxxxxxxxxxx
I am just starting to configure MS Project 2007 and have a few questions.

What is the difference between a budget resource and the baseline cost? What
is the advantage of using the budget resource if you are entering baseline
costs?

What type of tasks do you assign fixed costs to? For example, rent. It is a
monthly recurring cost that is not dependent on task usage or schedule.
Should I create a seperate set of monthly tasks in order to incurr the cost
of rent in our project?

I appreciate any suggestions.

Thanks.

.

Relevant Pages

  • Re: Budget Resource vs. Baseline Cost
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  • Re: Budget Resource vs. Baseline Cost
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  • Re: Budget Resource vs. Baseline Cost
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