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Using Microsoft® Project 2010 by Brian Kennemer, Sonia Atchison

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6. Accounting for Project Costs

In this chapter, you learn about costs, budgets, and overtime in Project 2010.

Project costs are calculated using the planned and actual work values for resource assignments in your project. You can also set up budgets within your project using Project 2010 and then compare your budgeted costs with the planned and actual costs. This helps you to track how closely you’re sticking to your budget, so that you can determine the next steps, if necessary. You can also plan for and track overtime costs in your project using Project 2010.

Understanding Types of Costs

Project 2010 supports three different types of costs:

Rate-based costs— These costs are incurred by a resource’s pay rate (for example, an employee’s hourly ...

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