Use this activity to review and manage information about planned cost and hours. Information about planned costs and hours are shown on planning items and on project deliverable items. They can be automatically retrieved from part costing and operation costs. It is also possible to manually add planned cost and hours on planning items by using project cost elements. Information about planned cost and hours are also reported as planned cost/hours on the connected project activity.
In order to review planned cost information for material, a gross requirement calculation (GRC) should have been completed.
In order to review planned cost and hours for work task plan, requires a work task plan to be created.
Information about planned cost and hours are summarized and reported as planned cost/hours on connected project activities.