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Siebel Project and Resource Management Administration Guide > Project Management > Administrator Procedures for Project Management > Overview of Rate List and Cost List ManagementThis section provides background information about setting up and using rate lists and cost lists for projects. Rate lists specify what you charge your customers for various services. Cost lists specify what it costs your organization to provide those services. The difference between the rate and the cost for a given service is your profit margin for that service. Your organization can establish multiple rate lists and cost lists for use in different geographical areas or with different customers, but each rate list is associated with exactly one cost list. It is strongly recommended that you use the following sequence of tasks to set up your rate lists and cost lists for project management:
Completing these tasks in the specified order allows rates and costs to default when you use the Team Workbook to staff projects. You can modify them as needed. |
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