When setting a project Financials – Budget, my understanding is that in the platform a budget can can only be defined in monetary units.
Often a project budget is composed out of a budget that is based on Resource Types with “allowed hours to spent”, and Costs “Monetary”.
This allows for a project manager to be independent from resource costs fluctuations and indexation, allowing him to work on the effective hours commitment for completing the project?
Can a budget be setup with hours as unit? Can you identify the best practice here?
For example, how to set-up following Budget structure:
Budget - Resouces
- Project Management: 200hrs
- Engineering Type 1: 200hrs
- Engineering type 2: 140hrs
- Production Type 1: 200hrs
- Production Type 2: 500hrs
Budget - Costs
- Consultant 1: 15000€
- Manufacturer 1: 80000€
- Manufacturer 2: 40000€
..
When defining resource type specific cost, can this be rolled-up to a combined cost in Monetary Units?
Is there a "Best Practice instruction" available for budget setup, and where to find?
Thank yo for the reply.
