Update Rates in Projects (v8.xx)
It's possible to have different Rates defined in a single Project. After taking over Rates from default Rate Management, the Project Manager can modify the imported Rates.
The function "Import Rates" and "Update Rates" will only affect one single project. The functions "Update Future" and "Update All" will effect a selection of projects.
Hint: Later changes/updates in default Rate Management will not affect this project Rates.
Default Rates
In projects without modified Rates actuals costs will generated by the following way.
The "Resource D" report time (System creates Timedetail).
Timedetail gets the Rate from the Assignment, which got it from the Resource Document.
To select the right cost, the Timedetail get the Activity Type from the Task.
Costs were calculated from reported time multiplied by the correct Rate.
Import Rates
If a Project should have different Rates, or persistent Rates unlinked to the global Rates, the Project Manager can create a Project Rate document.
Open Project Description Click on Action
Select "Import the rates"
A copy will be created for the All-All-Rate in the Project.
Up from now the Assignment get the Rate from the Resource document, the Project Rate document will be used for all Resources.
Hint: You need to configure the Navigation to get this views.
Hint: The diagram shows the single action in two paths, it will done by one.
Update Rates
If a Project should have different Rates to single Participants, the Project Manager can create Rate documents for all participants.
Open Project Description Click on Action
Select "Import the rates"
A copy will be created for each Participant
Thereafter the Project Manager can modify the Rates to each Resource in his Project separately. Future costs will be calculated by each Resource Rate document in this Project.
Update Future
Once Project and Resource Rates were created for the project, the rate will not change. Even if the global rates will change, these rates will persist. To update Rates in more than one project at once, you can use the update functions Genius Project provides in the Task-Views.
To get actual Rates for new time records (Timedetail costs) Genius Project provides two bulk functions. Both effects new time reporting.
Go to "Plans - Gantt" or "Task" View. Open Action Menu
Select "Update the rates for the future"
Select the Projects to update
Future costs will be calculated by the new Resource Rate document.
Update All
To get actual Rates for new and old time records (Timedetail costs) Genius Project provides the second functions.
Go to "Plans - Gantt" or "Task" View. Open Action Menu
Select "Update the rates"
Select the Projects to update
Future costs will be calculated by the new Resource Rate document.
Additional all old Timedetails will recalculate with the new Rate.
Related Articles
Update Rates of the Resources (v8.xx)
If the rates in Rates setup documents are modified, it is possible to update the rates directly in all Resource documents: Make sure that the 'Rates' setup documents are up-to-date. In the Actions menu of the 'Rate' setup view of the 'Resources' ...Project Rates (v8.xx)
Maintained for compatibility with older versions. Has been replaced with Company/Customer rates Hierarchy of Rates in a Project Modules/Databases The system determines what rate applies according to three keys, in the following order: Level Period ...Socialize your Projects (v8.xx)
Genius Live! is Geniusproject’s social collaboration platform that takes enterprise project and portfolio management to the next level. Genius Live! will empower your users by delivering a collaboration platform that will introduce powerful social ...Resource Rates (8.xx)
In the [Resources] module, The "Standard rates" setup document lets you define default rates, as well as standard rates by activity type, when "Multi-rates management" has been enabled in the "General" setup document. Definition of default rates When ...Rates per Activity Type / Multi-Rate Management (v8.xx)
Rates can vary according to the "activity type." By default, this option is disabled and rates are defined regardless of the activity type. The option is available in the general setup document of the Resources database. The field is labeled "Multi ...