Expected Results when Resource Pool Labor Rate is changed in PPM
What should happen when during the life of a project, a resource pool labor rate is changed?
Example: We have 100 hours logged by a resource at $20 per hour, so the to date labor cost is $2000
We change the labor rate to $40 per hour. Is this retroactive to hours already reported making it now $4000?
Or does it only apply to new reported hours? If so, when does it become effective?
Our simple test did not appear to change the effective rate although the resource pool reports the new rate, but we have not progressed into a new week yet.
Example: We have 100 hours logged by a resource at $20 per hour, so the to date labor cost is $2000
We change the labor rate to $40 per hour. Is this retroactive to hours already reported making it now $4000?
Or does it only apply to new reported hours? If so, when does it become effective?
Our simple test did not appear to change the effective rate although the resource pool reports the new rate, but we have not progressed into a new week yet.
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