Define Project Cost Items

Use the Cost Items tab to define individual project costs based on type.

To define Cost Items:

1. Add labor costs:
   1. On the Cost Item tab in the form arrangement, select New > New - Cost Item - Labor.
   2. In the Resource Name drop-down list, select a user.
   3. Select a Cost Type option:
      • CapEx: Capital expense.
      • OpEx: Operations expense.
   4. Provide the Budget Cost (allocated budget).
      The defined amount is automatically added to either the CapEx Budget or OpEx Budget form in the Effort/Cost Info section of the Overview tab.
   5. In the Total Cost section, provide the hours and rate (hourly). The Total Cost automatically calculates (hours multiplied by rate).
      The Cost Item form automatically saves.
2. Add other miscellaneous costs:
   Note: Other costs are expenses that do not align with Labor, Provisioning, or Tool cost categories.
   1. In the Cost Item tab in the form arrangement, select New > New - Cost Item - Other.
   2. Provide Details and select a Cost Type option.
   3. Provide the Budget Cost (allocated budget).
      The defined amount is automatically added to either the CapEx Budget or OpEx Budget form in the Effort/Cost Info section of the Overview tab.
   4. Provide the Total Cost.
      The Cost Item form automatically saves.
3. Add provisioning costs:
   1. In the Cost Item tab, select New > New - Cost Item - Provisioning.
   2. Select a Status option and provide Details.
   3. Select a Cost Type option.
   4. Select a Category and Frequency from the drop-down lists.
   5. Provide a Budget Cost (allocated budget) and Total Cost.
      The defined amount is automatically added to either the CapEx Budget or OpEx Budget form in the Effort/Cost Info section of the Overview tab.
   The Cost Item form automatically saves.
4. Define tool costs.
   1. In the Cost Item tab, select New > New - Cost Item - Tool.
   2. Provide an Item Description and Budget Cost.
      The defined amount is automatically added to either the CapEx Budget or OpEx Budget form in the Effort/Cost Info section of the Overview tab.
   3. In the Total Cost section, provide the hours and rate (hourly). The Total Cost automatically calculates (hours multiplied by rate).
      The Cost Item form automatically saves.