Managing Costs Effectively
To manage costs well in Microsoft Project, you need to learn how to use fixed costs. These are the steadfast expenses that remain unchanged throughout the project’s lifecycle, providing a solid financial foundation. Understanding and controlling these costs is crucial for setting a reliable baseline for budgeting and forecasting. When working with costs, you can use Microsoft Project to enter these fixed or actual costs manually.
In this chapter, we’re going to cover the following main topics:
- Working with costs
- Enter actual costs manually
- Viewing costs in tables/views
Knowing how to manage fixed costs within Microsoft Project is key to effective budget management. These costs stay the same throughout the project and form a stable financial base for budgeting and forecasting. This chapter will show you how to manually enter these costs and use different views and tables to keep track of them. Mastering these skills...
