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Most projects have fixed costs to account for. These are such things as mortgages and other costs that do not change with production.Fixed costs need to be accounted for in projects. If your project has fixed costs, follow the following steps.
Step 1 – Update Microsoft Project with Fixed Cost Information
Resource Fixed Cost List Instructions Microsoft Project 2013
The following steps should be followed when setting up your project fixed costs with Microsoft Project:
•Go to the gray area at the top of the project on the Duration column and Right Click and choose Insert Column. Type in Fixed Cost and hit enter.
•Enter the fixed costs above in the fixed cost column as listed adjacent to the appropriate tasks.
Step 2 Update Microsoft Project with Variable Cost Information
Variable Resource List
Most projects have variable costs. These are costs that change with the amount of work being done. These are commonly seen as dollar per hour costs