Forecast Scheduling - Cost Model

A 'Cost Model' is the most advanced model you can create with Microsoft Project. It requires you to add the following to your 'Workload Model' and into your scheduling application: Charge Accounts: Account categories from the budget in a lookup table visible in a custom field in Microsoft Project to tag tasks, resources or assignments. Cost and Material Resources: Cost resources and Material resources to capture all other expenses needed for the project. Charge Rates: These are the Standard Rate, Overtime Rate and Cost per Use for each resource. Cost Accrual: Cost accrual is when the costs should be charged to the project. Changing Rates over Time: How rates change each calendar year. All these terms start with a ‘C’, so we refer to ‘cost modeling’ also as ‘6C‑scheduling’. A Cost Model is about twice as big as a 'Workload Model': It will allow you to forecast the total cost for a project, while it will still allow you to forecast the duration and workloads of the project as well. Ple