When resources get paid per hour

Whether it's minimum wage or the astronomical fees your lawyer charges you every time you sneeze, most people get paid something per hour. To represent most people involved in your project, you create work resources and charge them to your project at an hourly rate.

After a resource has an hourly rate, when you then enter the estimate of how many hours that person will work on each task that he's assigned to, Project totals his estimated costs in your plan. When you track actual effort expended on tasks, a calculation of actual effort times the hourly rate returns actual costs.

By comparing estimated costs and actual costs, you get an ongoing picture of whether your project is on track.

To set resource rates per hour, follow these steps:

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

Get My Free Ebook


Post a comment