| # Standard Labor (tppdm0111s000) Use this session to create standard labor cost objects. Labor is one of the five cost types that Project uses to categorize cost objects. The currency used for the standard object is the reference currency of the logistic/operational company. If you link the standard object to a project, you can start using the currencies of the linked financial company. Related topics Currency systems Using standard cost objects To use project-specific cost objects Labor The code that identifies the cost object. Description The description or name of the code. Search Key The search key associated with the cost object. Control Code Labor The control code associated with the cost object. Control Code Labor The description or name of the code. Control Function Indicates the function of the cost object for cost control. A cost object can be defined as a control code for itself or for other cost objects. Cost Component The cost component associated with the cost object. Note You can use a cost component to create a cross view in your budget or cost control for cost objects that share particular characteristics. Cost Component The description or name of the code. Cost Rate The currency that the cost rate is expressed in. Cost Rate The cost labor rate per unit, for the cost object. in Home Currency This field is only available if your company uses an independent currency system. Then the cost rate is expressed in the home currency. You can enter a new amount, regardless of the exchange rate between currencies. in Home Currency One of a company's base currencies in which LN registers and reports amounts. In a multicurrency system, up to three home currencies can be defined: The local currency Two reporting currencies Cost Rate Transaction Date The last date that the cost rate was changed. Sales Rate The currency in which the sales rate is expressed. Sales Rate The sales labor rate per unit, for the labor code. in Home Currency The sales labor rate expressed in the home currency. in Home Currency One of a company's base currencies in which LN registers and reports amounts. In a multicurrency system, up to three home currencies can be defined: The local currency Two reporting currencies Sales Rate Transaction Date The last date that the sales labor rate was changed. Unit The unit in which the cost object is measured. Unit The description or name of the code. Time Unit The unit of time. Trade Group The trade group by which it is expected that the labor defined in this cost object will be executed. Trade Group The description or name of the code. Norm The number of hours required to execute one unit of this labor cost object. This norm is used in the actual budget to determine the number of hours on a budget line. Number of hours = Quantity x Norm Time Unit The unit of the rate is always a time unit. Register Progress If this check box is selected, progress can be recorded for the cost object for the duration of the project. Related topics To use progress result Text If this check box is selected, the current cost object has an associated text that you can access by clicking the Text button. Used in Schedule If this check box is selected, the labor cost object can be used in an ESP (external scheduling package). in Home Currency The description or name of the code. in Home Currency The description or name of the code. Print Standard Labor Starts the Print Standard Labor (tppdm0411m000) session. |