Resource Cost Fields Formulas
These formulas are used to calculate actual cost of task performed by a resource. These formulas are automatically calculated by Project Professional but still available for editing.
Standard Rate.
This field value is entered for each resource and is used to calculate the cost of regular hours of work as follows:
Regular work cost = Regular Work x Standard Rate
Regular work cost = Regular Work x Standard Rate
Overtime Rate
This field value is entered for each resource and is used to calculate the cost of overtime hours of work as follows:
Overtime Cost = Overtime Work x Overtime rate
Overtime Cost = Overtime Work x Overtime rate
Total Resource Cost = Regular Cost + Overtime Cost
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