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I want to know how is the Estimated Labour Cost calculated on Work Breakdown Structure ?
What is the formula behind it ? how can I see it? by any chance can I modify it ???
Hi M N.
The estimated labor cost is an aggregate of the planned labor cost of all associated task. It's a system field; got to keep your fingers off it ;)
In the images below I have a consultant for a task for 10 h. The cost price is 50 EUR per hour so the total is 500 EUR.
The resource role is being checked against a cost price list and then multiplied by the effort. If the date range does not fit or the Resource Role does not exist in the price list then it will not find a labour cost.
Basically to start with. Check the cost price list tagged to the Org. Unit.
Check the Role Price in it. Multiply the same with the quantity. The value that you get is the cost price.
Above is the formula.
Thank you All, the reason I asked this question was because my prices were not changing though month and day duration were changed in units.
A support ticket was raised to Microsoft and they told me an absolute nonsense workaround.
Remove resources from the pricelist and enter same data again, then in Project Estimates update prices and now the prices will be reflected alright. Glad it worked but increased my workload as I had multiple lookups associated to the pricelists fields(customization requirements) and I had to select them again to get new guids.
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