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Planview Customer Success Center

Calculated Cost for Product in Project Budget remains at 0 although Quantity/Unit Cost filled

QUESTION:
Project Calculated Cost Not Updating in project Budget.
When creating a product, the Unit Cost and Quantity are filled out, but the Calculated Cost field remains at 0. Why?


ANSWER:
Burden rate, which is applied in calculation of the extended cost, is set to 0 for the product category.

Extended cost is calculated by applying the burden rate, which was 0 for the product category Once configured the burden rate, the extended cost did show up in the project budget.

Perform the below Steps to correctly see the extended cost :
1. Enable Burden Rate first at the Product Category.
2. Then on the Budget specify the rate for Extended Cost to populate.