Associate Cost/Rate Matrices to Projects

Use this procedure to associate cost/rate matrices to a project's resource types. These cost/rate matrices are used to calculate project rates.

Important! Before you can associate a cost/rate matrix with a project, you must first create the cost/rate matrices.

Note: Contact your finance manager or see the Administration Guide for more information.

To associate a cost/rate matrix to a project's resource types

Open the project to which you want to associate cost and rate matrices.
The Project: Properties: Main - General appears.
Select Financial from the content menu.
The Project: Properties: Main - Financial page appears.
In the Labor Transaction Rates, Material Transaction Rates, Equipment Transaction Rates, and Expense Transaction Rates sections, enter the following cost or rate information as needed:
Rate Source

Defines the rate matrix that is used to calculate the benefit amount of the transaction entry. Click the Browse icon to search for and add the rate and cost matrix from which project rates are calculated.

Cost Source

Defines the cost matrix that is used to calculate the cost amount of the transaction entry. Click the Browse icon to search for and add the cost matrix from which project costs are calculated.

Exchange Rate Type
Displayed only when multiple currencies are available. Defines the exchange rate type that is used for transactions entered against the project. When the project is approved, you cannot modify the exchange rate type.

Values:
- Average. The blended derived rate over a period of time, usually weekly or monthly.
- Fixed. The fixed rate that does not change over a defined period of time.
- Spot. The variable rate that changes over the course of a day.
Note: Contact your CA Clarity PPM administrator or see the Administration Guide for more information.
Submit your changes.

More information: