Apply rate schedules

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Module:  Project Administration    

Applet:  Projects

 


Description: How to Apply Rate Schedules. Rate schedules can be applied to any or all nodes of the WBS. Children nodes override parents nodes.

 

Step 1 - Right-click on the node you want to set and select Rate schedules.

 

Applying Rate Schedules 1

 

 

 

Step 2 - Fill out the Rate Schedules box with the appropriate information. Remember, Rate schedules can be applied to any or all nodes of the WBS. Children nodes override parents nodes.

 

Multipliers

DPE - Direct personnel expense multiplier
OH - Overhead multiplier
Profit - Profit multiplier

 

Job Cost

Other - No Job Cost Rate Schedule being used.
Use Rate Schedule - When checked, the supplied rate schedule is used.
Use Multipliers - When checked, the specified multipliers (as designated by markup type) are used.
Markup Type - The multipliers to be used. Various combinations of DPE, OH, and Profit can be used.
Apply for Premium Time - When checked, only the non-premium portion of overtime is marked up. The premium portion is then added to that.

An employee makes $10/hr. and receives time and a half for overtime. If the combined multipliers are 3.0 and this box was unchecked, the hourly premium rate would be 10 x 1.5 x 3 = $45/hr. If this box was checked, the calculation would be (10 x 3.0) + ( (10 x 1.5) – 10) = $35/hr.

 

Bill Rate

Other - No Bill Rate Schedule being used.
Use Rate Schedule- When checked, the supplied rate schedule is used.
Use Multipliers - When checked, all the multipliers specified are used.
Apply for premium time - See same field for job cost section.
Override - The Override Bill Rate is checked for a match on timesheet entries prior to the normal Bill Rate Schedule.

 

HowRatesLockIn1

 

 

Step 4 - Click Save.