Manage Activity Labor Cost Capitalization Settings

Contents

Enabling Activity Labor Cost Capitalization allows you to select a Labor Expense Type (LET) attribute for each activity. Activity labor costs are properly rolled up into finance under appropriate expense category (Capital Expense, or Operational Expense) based on its LET.

For each initiative, you can choose to enable or disable Activity Labor Cost Capitalization, and select if you require Project Managers to enter the LET for each activity. You can also set a default LET.

To manage the Activity Labor Cost Capitalization Settings:

1. Click the Application Settings tab.
2. Select the Activity Labor Cost Capitalization Settings link.
3. Click the [Edit] link next to the initiative you want to modify.
4. Select if you want to enable labor cost capitalization.
5. Select if you require Project Managers to enter the LET for each activity.
6. Select a default LET. Project Managers can override the default values only if Labor Cost Capitalization is enabled.
7. Click Update to save your changes.