Create Rate Schedules

Create rate schedules as a source for cost or bill rates for costing, billing, or planning purposes.

You can create schedules for the following types of rates:

• Job

• Person

• Nonlabor

• Resource class

The following sections describe how you create the different types of rate schedules.

Entering Basic Rate Schedule Information

To create a rate schedule:

1. Click Navigator > Setup and Maintenance, and search for the Manage Rate Schedules task.

2. Click the Manage Rate Schedules link.

   Use the Manage Rate Schedules page to create, delete, and maintain rate schedules.

3. Click the Add Row icon to create a rate schedule.

4. Enter a unique name, and optionally, a description for the rate schedule.

5. Select a Project Rates Set.

6. Select a Schedule Type depending on whether you want to create a rate schedule for jobs, persons, nonlabor resources, or resource classes.

7. Select the Currency in which you plan to enter rates.

Creating Nonlabor Rate Schedules

Define rates or percentage markups by nonlabor expenditure type or by a combination of nonlabor expenditure type, nonlabor resource, and nonlabor resource organization.

The application uses the most detailed information available to determine the rate. For example, if a rate exists for the expenditure type, nonlabor resource, and nonlabor resource organization combination, that rate is used. If that rate does not exist, it uses the rate for the expenditure type and nonlabor resource combination. Otherwise, the rate for the expenditure type is used.

Complete the following steps to create a nonlabor rate schedule:

1. Click Add Row in the Nonlabor Rates section.

2. Select the Expenditure Type for which you are entering rates.

3. Depending on the detail at which you want to enter rates, optionally select a Nonlabor Resource and a Nonlabor Resource Organization.

4. Select the Rate Required check box if you want to enter a rate or a markup percentage for the expenditure type. If you don't select this option, you must provide a markup percentage.

5. Enter either a Rate or a Markup Percentage that is used to calculate amounts for the resource.

6. Enter a From Date to indicate the date from which the rate is available for use. Optionally, select a To Date.

7. Repeat this process for each expenditure type or expenditure type, nonlabor resource, and nonlabor resource organization for which you want to enter rates.

8. Click Save.

Creating Job Rate Schedules

Define rates for jobs included in a job set created in Oracle Fusion Human Capital Management.

Complete the following steps to create a job rate schedule:

1. In the Job Rates section, select a Job Set as a source for the jobs you are entering rates for.

2. Click Add Row.

3. Select the Job for which you are entering rates. Note that the Unit of Measure is always Hours.

4. Enter a rate for the job.

5. Enter a From Date to indicate the date from which the rate is available for use. Optionally, select a To Date.

6. Repeat this process for each job for which you want to enter rates.

7. Click Save.

Creating Person Rate Schedules

Define rates or percentage markups for person or for a combination of person, job, and organization.

The application uses the most detailed information available to determine the rate. For example, if there is a rate for Person, Person Assignment Job, and Person Assignment Organization, that rate is used. Otherwise, the rate for the person is used.

Complete the following steps to create a person rate schedule:

1. Click Add Row in the Person Rates section.

2. Select the person for whom you are entering rates. Note that the Unit of Measure is always Hours.

3. Depending on the detail at which you want to enter rates, optionally select a Person Assignment Job and a Person Assignment Organization.

   Note: A default value is provided for the assignment organization when you select an assignment job. You can select another organization if required.

4. Enter either a rate or a markup percentage.

5. Enter a From Date to indicate the date from which the rate is available for use. Optionally, select a To Date.

6. Repeat this process for each person or person, assignment, and organization combination for which you want to enter rates.

7. Click Save.

Creating Resource Class Rate Schedules

Define rates or percentage markups by resource class or a combination of resource class and organization.

You can assign resource class rate schedules to project plan types or financial plan types. The selected resource class rate schedule functions as a source of rates if the rates can't be determined elsewhere.

Complete the following steps to create a resource rate schedule:

1. Click Add Row in the Resource Class Rates section.

2. Select the resource class for which you are entering rates.

3. Depending on the detail at which you want to enter rates, optionally select an Organization.

4. Enter either a rate or a markup percentage.

5. Enter a From Date to indicate the date from which the rate is available for use. Optionally, select a To Date.

6. Repeat this process for each resource class, or resource class and organization combination for which you want to enter rates.

7. Click Save.