![]() ![]() ![]() You can set resource cost by clicking on Add in the task form popup (see screenshot below) or by clicking the Resources button on the Gantt tab. Tasks are also associated with Resource Cost. To view the Cost columns in the grid you can un-hide the columns by clicking on the Settings icon in the Gantt tab and then un-hiding the required cost columns in the columns tab. Actual Cost – The actual cost of the task should be entered after the task is completed.It gives the stakeholders a fair idea as to how much the task was originally supposed to cost. While the estimated cost may change often, the baseline cost should not be changed ideally. Baseline Cost – When the ‘Copy from Estimated’ button is clicked the Estimated cost entered is saved into the Baseline.Estimated Cost – The sum of planned costs of all expenses estimated for the task.Tasks are associated with three cost fields that can be used for planning and to track actuals. The Actual costs are automatically calculated by summing up all the actual costs of the tasks.You can edit the project information at any time by double-clicking the project name and the edit project popup will open up.When the Ok button is clicked the newly created Gantt chart will show the project info along with the cost information on the left top corner of the sheet. While creating a new Gantt chart worksheet you will be able to enter the budget costs associated with the project. To best track costs, you should first create a budget by creating and entering cost values for resources that are assigned to the project. Our Gantt chart excel template allows users to track costs and expenditures for projects and tasks. The process of managing project costs is an activity for estimating costs, developing a project budget and controlling spending.
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