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Rate Matrix for forecasting but then need actual rates

  • 1.  Rate Matrix for forecasting but then need actual rates

    Posted 06-04-2018 10:10 PM

    We are currently implementing CA PPM and have an issue around the rate matrix.

     

    We are planning on have a rate matrix for contractors and permanents which can be used for project budgetting purposes but when the project is approved we would like to update the contractors rates to their actual rates.

     

    Is there a way to do this that still enables us to get resource demand and forecasting and not maintain individual rates in the rate matrix for each contractor?  We have been advised that we can put the actuals for the contractor in the cost plans, but then we don't get the resource demand and forecasting.

     

    How has everyone else managed to get around this issue?



  • 2.  Re: Rate Matrix for forecasting but then need actual rates

    Posted 06-05-2018 03:58 PM

    Hi WendyBNews,

     

    For having two matrices: having two rate matrices one for Forecasting and one for Approved Projects: On create the Project level fields "Labor Transaction Rate Source" and "Labor Transaction Cost Source" are set to the Forecasting Matrix and then when the project status changes to approved, a process can kick off to set "Labor Transaction Rate Source" and "Labor Transaction Cost Source" to the Approved Projects matrix.

     

    For not having named contractors in the matrix: Is the forecasting rate more of a blanket rate that Project Managers are $200 but for Approved projects John the PM is $200 but Karen the PM is $250? If you are trying to avoid putting named resources into the matrix, is there a connecting combination between rates that you could build it out that way? (For example, all contractors who have a role of PM and a location of Seattle are $200)

     

    Hope that helps / gives more food for thought!