Plan and track costs more effectively

Did you know there is a new resource type in Project 2007 called a Cost resource?

It allows you to plan and track project costs not related to a resource or material.  Here's how to create a cost resource in Project 2007 and Project 2010.

1. Open the Resource Sheet
2. Create a new resource called Travel Cost
3. Change the value in the Type column to Cost

Now assign this resource to any task (or number of tasks) to plan and track actual cost against a particular task, which is totally independent of any resource or material assigned to the task - great huh?

What if there was a way to capture the approved budget cost for a project, which was independant of forcast and and actual cost, just so you know (and it's not a task note) Stay tuned for future blogs to find out more...