#3 MS Project 2019 ● Costs of Resources ● Easy

In an easy and relaxed way, we look at how to cost with Microsoft Project 2019 the different resources used in a project. We have three kinds of resources used in MS Project and we will also have different ways to cost them.
Content
0:00 Introduction
0:16 House renovation project
0:40 Add column cost
1:10 Show summary task
1:38 Costs for different types of resources
5:00 Resources of type work
*** Project Cost Management ***
This is part on a series on project cost management. Where you will find the following topics:
#PM 4.1 Introduction to Cost Management • #PM 4.1 Introduction t...
#PM 4.2 Processes and activities • #PM 4.2 Management and...
#PM 4.3 Project Cost Management • Learn ● Project Cost ...
#PM 4.4 Estimation Introduction • #47.0 MS Project 2019...
#PM 4.5 Estimation Steps • #47.3 MS Project 2019...
#PM 4.6 Estimation Methods • #47.2 MS Project 2019...
#PM 4.7 Costs with MS Project • #3 MS Project 2019 ● ...
#PM 4.8 Determine Budget • #PM 4.8 Budget in Proj...
#PM 4.9 Budget with MS Project • #3 MS Project 2019 ● ...
#PM 4.10 Create a budget report with MS Project(soon)
#PM 4.11 What is the difference between costs and budget
#PM 4.12 Contingency Reserves and Management Reserves (soon)
#PM 4.13 Reserves with MS Project: Margins / Slacks ● Successful Projects • # 21 MS Project ● Marg...
#PM 4.14 Managing and controlling Projects by Earned Value (soon)
#PM 4.15 All Formulas for Cost Controlling a Project (soon)
#msproject #vision6D #pmp #pmi #project #projectmanagement #scrum #agile #msproject #microsoft #bim #kanban #projet #costs #budget #estimation #WBS #criticalpath #resource #baseline #tracking #control
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[@nycolelozano9308]

You are a life saver. I have 3 days to learn MSProject and I've learned it in about 2 hours with your videos. Thank you so much.

[@vision6D]

Great to hear! In fact as I can remember you must be the second person in a similar situation. I'm so glad it could help and give you the knowledge you require. Greetings from Geneva.

[@leefig6089]

Outstanding series of videos. Perfect. Thank you.

[@vision6D]

Glad you like them! And thank you for that nice comment. Greetings from Geneva.

[@irviantantohadiprasetyo689]

Many thanks, Sir. It's very helpfully for me. God bless you, Sir.

[@vision6D]

So nice to read your comment. Have a great day.

[@hhavoc92]

Thank you for your videos. Very instructive and easy to follow.

[@vision6D]

Glad you like them! Greetings from Geneva.

[@beeckoo1]

Thank you very much , your tutorial videos are so helpful to me .. you really digging in deep knowledge of both practice and planing . thank you so much

[@vision6D]

You're very welcome! This is what I want to share, experience with real projects. Greetings from Geneva.

[@sherlokie2000]

Congratulations! you described the project as an experienced project manager, which I think you are. thank you for sharing your experience with others, I really appreciate it

[@vision6D]

Thank you so much! Indeed have a strong experience in project management. In which industry are you activ? Have a great day

[@sherlokie2000]

@@vision6D You're very welcome. As a matter of fact I am doing self organization with MS Project with the purpose of entrepreneurship with a vision to the Circular Economy in which I can apply my knowledge and background in the are of Industrial Engineering, Energy Sustainability and programming for IoT. The projects have a spectrum of activities from bio-technology to the software development. I am looking in your training series, in addition to your golden tips, to find out how to adjust different availability percentage for a unique task. For example I adjust my 20 percent of availability from Monday to Wednesday and then I will be available for that task with my 100 percent availability to finish it sooner. I tried to split the task but I think it was not the correct approach. Thank you for your attention

[@mohamednawas3326]

Thank you Dear so much , It was awesome....!!!

[@vision6D]

Thank you very much for that nice comment. Greetings from Geneva.

[@alpermim1]

Perfect. Thank you

[@vision6D]

You're welcome! Greetings from Geneva.

[@alouberthe7104]

Thanks a lot. Your tutorial is so useful for me

[@vision6D]

Glad to hear that. Greetings from Geneva.

[@symonxd]

Very well explained, I'm sure my group project about MS Project will go smooth as heck 👍

[@vision6D]

Great to hear! Thank you so much for sharing with your group. Are you studying, and if yes which matters? Greetings from Geneva.

[@symonxd]

@@vision6D Yes, I'm a 2nd year AIT bachelor student with specialization in Application development. Much love from Belgium.

[@nikhileshsingh2187]

Thank you so much sir, this was really helpful

[@vision6D]

Thank you for that encouraging comment. Have a great day.

[@marjoriebaijoo1726]

Very simple and easy to understand

[@vision6D]

Glad you think so! Did you go into the one about budget? kzbin.info/www/bejne/e4WycnuqgbCFeJo Greetings from Geneva

[@kumardaya03]

hey you are teaching style is awesome

[@vision6D]

Glad you think so! Greetings from Geneva.

[@hamid-lm6dn]

Good work .realy useful .thank you

[@vision6D]

Thank you for watching. In which domain are you ?

[@BMfreestyleS3f]

Thank you this is very helpful vid

[@vision6D]

You are welcome. Have a great day.

[@balasooriyaarachchilagethi4313]

Excellent

[@vision6D]

Thank you so much 😀 YOu are really following the right path to learn Ms Project congratulations.

[@rksudera]

So Good!...🌹

[@vision6D]

Glad you think so! Greetings from Geneva.

[@kaung2680]

Thank you

[@vision6D]

You're welcome. Greetings from Geneva.

[@hamid-lm6dn]

I am in accounting. Thanks

[@vision6D]

A few years ago I worked on an important accounting project for social insurances.

[@mrcfmoftheworld]

So Informative and helpful Many thanks Chief Got one question please. Our weekend days are Friday & Saturday and in certain projects it is only Friday. So, how is it possible to set up MS Project to have those day(s) as weekends rather than Saturday & Sunday?

[@vision6D]

Thank you for your question and comment. You need to define a calendar either at the level of your organization or for the project. Here is a link to the video about how to change or adapte your calendar. kzbin.info/www/bejne/eHm9ZK1_ec59aqM Greetings from Geneva.

[@phamduyhan9065]

Thanks for your video. May I ask you one question? Can we make separate cash flow for each cost type? For example, cash flow for carpenter, plumper,...?

[@vision6D]

Yes, absolutely. To make sure you are talking about payments or really cash flow?

[@1astro23]

I have a question regarding the colonne "accrue at". How would you put it if the carpenter ask for a deposit before starting there work, and the balance at the end? Or I know that some times certain kind of work are paid by the progression of the work (let's say a déposit of 25% at the start, an other 25% when 50% of the work is done and the balance at the end)? It is just the third video that I see, so you may have answer it in an another video... But tumbs up for your work! It's realy amazing. Very easy to understand with the visual (pointer, red box, etc.). Looking forward for more video.

[@vision6D]

Thank you for that question and for your comment. To be fair, I had a similar situation. To solve it I created tasks that were payment tasks. For example, we had to redo a facade with the carpenters and it was going to last 3 weeks and the cost was 12'000 in 3 payments. I created a summary task and 4 sub-tasks Task build facade payment1 25 % 0d duration cost: 3'000 task do the work 3 weeks no cost payment2 25% 0d cost: 3'000 payment3 50% 0d cost: 6'000 It turned out to be very interesting, since it gave me a financial planning. I used the timeline to show when I had to pay what. What do you think about this solution?

[@1astro23]

@@vision6D GREAT!!! Thank you so much for the fast answer.

[@andreasrucker4233]

Hello I am a German engineer and need a dashboard for my project by contrasting the design progress, the progress of manufacturing to the total expected expenses. Furthermore I need an overview in the dashboard regarding the ordered materials, in relation to the total required material segments. Does a video exist for such a dashboard creation? By the way, as a German speaking follower I can follow your language very well, because you explain clear, in short sentences. Thank you very much for that.

[@vision6D]

Vielen Dank für Ihre Frage und Ihren Kommentar. Ich habe kein spezielles Video zu diesem Thema. Es ist jedoch die Art von Thema, die ich in privaten Sitzungen behandle. Ich habe damit begonnen, auch Videos auf Deutsch anzubieten. Wenn Sie an einer Sitzung interessiert sind, um Ihr Thema zu vertiefen, kontaktieren Sie mich per E-Mail calttla at gmail.com. Grüße aus Genf.

[@PReihal44]

In baseline schedule and start date changes and how to find out delays in project 2019

[@vision6D]

Thank you for your question. Tell me if my understanding of your question is right. You have a certain schedule, with a baseline1 defined. Then you move the start date of the project and you want to see delays? What do you think of my understanding? Any precision you would like to bring? Subscribing helps me grow the channel. Greetings from Geneva.

[@ammarmismar5920]

Thanks again! but I need a suggestion on how I can add cost to resources from the time workers/teams come to the project until they finally leave, since MS project will calculate their cost when teams are working only.

[@vision6D]

For your situation I would drop the type of resource work. Their costs do not depend on work quantity. So, you are left with resources of type cost or material. Which you can absolutely use for human resources. How can you use that type of resource?

[@ammarmismar5920]

@@vision6D To make it more clear, the project is sewage pipe to be implemented in 6 parallel streets. Each street has the same tasks (pavement removal, pile shoring, earth work...etc) How can I add cost from the time workers/teams of each task come to the project until they finally leave? MS project calculates their cost when teams are working only.

[@vision6D]

Do we agree that Ms Project knows 3 types of costs? For each task define if the work is paid by unit, cubic meter, meters etc. => type material Is the cost a fixed amount. => type cost Identify for your different tasks the type of cost Establish a typical list of tasks in a mpp file with the identified cost types. This will give us a base to work. Let me know when you are ready.

[@ammarmismar5920]

@@vision6D do you have an email to share all the info? :)

[@vision6D]

[e-mail]

[@nileshkalelkar6203]

Hello Christian, Can you Pl help to understand about cost/ Unit in Resource sheet, what additional charges by Tiled setter apart from 30/ sqft. Second Question, what is column Initial is about?

[@vision6D]

Thank you for your question. Cost /unit is to understand when you have a cost depending on quantity. Initials are simply the initial of a name like for Christian it is Ch. For the one on quantity what are the examples you see?

[@nileshkalelkar6203]

@@vision6D Thank you, I got it, like number of computers has been hired for training session for participants.

[@ammarmismar5920]

Thank you for the video! How can I add a cost for multiple streets (when they are closed) during construction in case a contractor pays to the municipality for the time a street is closed?

[@vision6D]

Thank you for that question. There is no single answer to your question. You can for example simply add a payment task with the amount. You can also add a payment task for each street separately. Which one are you going for?

[@ammarmismar5920]

@@vision6D would adding a summary to the project helps?

[@ammarmismar5920]

@@vision6D where can I find payment please?

[@vision6D]

You add a task and you name it payment1 for closing streets. There is no special payment function in MS Project. Then you create a resource of type cost that you name PMT1(payment1). Then you define the value of that resource as the supplier cost for closing the streets. Assign the resource PMT1 to the task "payment1 for closing streets". Now you should understand the principle.

[@vision6D]

To add a summary always helps. It clarifies and organizes your tasks.

[@ammarmismar5920]

One more question, in case of vicinity (safety distance) was given in meters how do we convert it to time (days)? I have information about length, width and depth.

[@vision6D]

This needs a bit more clarification, before I can give you an answer.

[@ammarmismar5920]

@@vision6D Sure. an example is sheet pile shoring precedes earthwork due to bad soil conditions. One team is available for this with maximum 2m/hour production rate (including both sides of the trench). No work can be executed within 40m vicinity of sheet piling. Cost of the sheet piling team is 300POG/day. Capacity of sheet piles is enough for shoring of 300m of trench. How can I calculate the duration of sheet pile shoring? :)

[@kc_mahalima7932]

I have a question about the unit or quantity for the materials,how would you know what to put like in market price some are in kgs, cu.m, pcs, can you manually indicate it in there?

[@kc_mahalima7932]

like in video #2, you have used cu.m as a unit for concrete,but what if i will be including other materials like steel/rebar (in market price steel can be bought in kilograms or in pieces). Thank you in advance if you can answer my queries.

[@vision6D]

Thank you for your interesting question.What we enter is a price per unit, without saying what the unit is. The price per unit depends on what you want to use for your project. Each resource can be in different units what matters is the cost per unit and the number of units. How does this clarify your situation? May be in the meantime you can check if you subscribed to the channel?

[@salk2555]

Hi, I have a question if you can answer. I need to know what Programme to use or how to make payments to suppliers? Is it sage or quick books or do I just make a PO?

[@vision6D]

Hello, This question is a bit out of the channel topic. But in the projects I had to do we were doing suppliers payments. Mostly it depends on your company bank accounts, which standard they support and then what software implemented them. In which country are you?

[@salk2555]

Vision 6D ah okay. The UK

[@mattmatt245]

What if I have different number of workers available for each day of the week. Is there a way to handle such scanerio ?

[@vision6D]

The way I would go is to define a task of one month, define the number of worked days, by all resources and look for the average. How would you do it in your case?

[@mattmatt245]

@@vision6D This is for my trucking company. I have x number of loads that need to be delivered each day and y number of available drivers for each day. I need to schedule them accordingly so the number of late deliveries is minimized.

[@bhagyashreeyenurkar7890]

Sir how you used 4FS+3 days & 10FS+2 days.

[@vision6D]

yes right. In which field are you?

[@jiygo]

What's tildes?

[@vision6D]

Thank you for your question. I meant floor tiles. Greetings from Geneva.

[@leslirodriguezbendezu1497]

Hello , Please could you share with me the file with the information .

[@vision6D]

Hello, All available files are in Vision6D.com/download Have a great day.

[@md.atikurrahman4753]

can you shear this file

[@vision6D]

Thank you for your comment. It will be done.

[@sorinpop2804]

Thank you

[@vision6D]

You're welcome. Greetings from Geneva.