Distribute Costs to the Cost Worksheet Overview

Contents

The Cost Worksheet Document Window provides a central location for tracking all project costs. You can compare budget and committed costs to actual costs for each work element. Open the Cost Worksheet Log Window from the Contract Information folder. Costs are organized by Cost Codes, which represent various categories of project work. Using the Project Settings Dialog Box, you can set which cost documents are distributed.

Use the Contract Management Cost Worksheet to keep detailed records of the money associated with your project, including amounts budgeted, committed, spent or received; and amounts you received or expect to receive as the result of changes.

You can distribute contract or purchase order costs to the Budgeted or Committed sections of the Cost Worksheet. Use the Budgeted tab for the total amount available to spend on the project; use the Committed tab for amounts you have agreed to pay someone else.

To break down the value of a contract, purchase order, proposed change, change, invoice, requisition, or trend, distribute the associated costs to one or more cost codes in the Cost Worksheet.

Notes:

• Distributing contract or purchase order costs is optional. You do not need to use the Cost Worksheet to use a contract or purchase order.
• You may want to Add a Cost Code to the Cost Worksheet when you first add a project. Cost codes categorize costs in your project and enable you to meaningfully distribute and track amounts on the Cost Worksheet.