Project Management Software: Project Costing in Standard Time

The report below is a sample of project costing in Standard Time.  Project costing, project accounting, and activity based costing are terms referring to the act of assigning billing and salary costs to each task.  When you track time to tasks, the actual costs (or earned value) of each task is added up, and rolled up to the project level.

As the forecasted and actual costs are rolled up to the project level, you can see at a glance how much the project will cost, and how much earned value you have accrued so far.  Project costs cover all resources assigned to the project. 

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Standard Time has three ways to perform project costing.  Click here to learn how to configure them.

• Category-based costing - costs are associated with the "kind" of work you do.  (most flexible)
• Resource-based costing - costs are linked to each person performing the work
• Project-based costing - simple costs associated with each project (simplest)

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Also see: Project management

Links to project management sites:
Project Management Institute, 4PM.com, Association for Project Management, PM FORUM, allpm, IPMA, Australian Institute of Project Management, Project Manager Today