Defining Cost Element Code Part Demands—Exercises

Required Data

Define Project Cost Elements

Purpose: The purpose of this exercise is to familiarize you with the data that must be in place before you can perform the exercises below.

  1. Open the Project Cost/Revenue Elements window and create the following cost elements for the company.
Project Cost Element Project Cost Element Description Default Obsolete
LABOR Labor cost Selected Unselected
MAT Material Cost Unselected Unselected

General exercise for Defining Project Cost Elements.

Main Exercise

Purpose: The purpose of this exercise is to define cost element code parts for the company. These will be used when creating budgets/forecasts for projects belonging to that company.

Windows:
Project Basic

Defining Cost Element Code Part Demands

  1. Open the Project Basic window, and click on the Cost Element Code Part Demand tab.
  2. In the Company ID field query(F3) for your company.
  3. Select the Account check box for the MAT and LABOR cost elements.
  4. Click Save.