Cost and rate matrices are used for billing and tracking purposes. You must associate a cost and rate matrix to your project for budgeted cost of work performed (BCWP) and earned value (EV) data to be calculated. You can associate a cost and rate matrix at the project level for labor, material, and equipment resources, and for expenses incurred against your projects. These matrices determine the amount billed externally to customers for project costs or charged internally to departments via chargebacks.
For example, suppose that you bill the labor costs of your project to a customer, you could associate a rate matrix to your project that specifies the billable rate for a resource per hour. When transactions on the project are processed, the selected matrix is used to calculate billable cost.
You also use matrices to create certain project cost data in reports or from the project's baseline. In order for these values to calculate, you must first assign resources or roles to tasks and then have your CA Clarity PPM administrator schedule the Rate Matrix Extraction job to run.
If you do not specify a default matrix at the project or entity level, your finance manager must specify a rate when creating transactions to process costs.
Note: Contact your finance manager or see the Administration Guide for more information.
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