Creating Project Costs

Note:

Project costs are available in a limited capacity, and not fully supported end-to-end in PSA. This feature is not yet compatible with functional areas such as project actuals, project budgets, and the project reporting dataset. Updates to functionality are planned and will impact how and where the feature is utilized.

To create a project cost:

  1. Open the project that you want to add a cost to.
  2. On the project record, click Actions | Project Financials | New Project Cost. The New Project Cost window opens.
  3. Complete the project cost fields as required. For more information, see Project Cost Fields.
  4. Click Save.

The project cost is created and associated with the project.

Note:

If you use Services Forecasting, and want to include the project cost in cost forecasts, ensure the following fields are set as required:

  • Recognition Method
  • Start Date
  • End Date
  • Approved for Forecast Actuals

For more information about how project costs are forecasted, see Project Costs in Services Forecasts, Deliverable Recognition Method for Cost Forecasting, and Equal Split Recognition Method for Cost Forecasting.