Project Management Module – Labor Cost Estimation and Budget Entry Options
Summary:
We are currently evaluating the usage of the Project Management module for cost estimation related to labor and materials, and I had a few questions regarding best practices and available options:
🔹 Current Understanding:
- Once a resource is assigned to a project task, the system derives the labor cost based on the resource's hourly rate or job rate, and this value is reflected in the project plan (and can flow into financial planning or budgeting).
- Similarly, material costs can be estimated in the project plan by adding non-labor resources.
🔹 Questions:
- Is it mandatory to estimate budget/cost via the Project Plan
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