Concepts

Tasks

Settings

Setting up Project Cost Calculation

There are two approaches to calculating project costs:

•	Update project costs in real time. For example, as work orders are added to a project and its descendant projects, the costs associated with work order tasks and transactions are added to the total project costs

This functionality is controlled by an option in project settings, which is enabled by default. You can clear the option if you wish to defer cost calculation, as explained in this topic.

•	Update projects manually. In the Project window, click the Tools menu and Recalculate Costs. The cost summaries for the current project and its descendant projects are recalculated

This topic explains how:

•	To Disable Real-time Project Cost Calculation

•	To Recalculate Project Costs Manually

To Disable Real-time Project Cost Calculation

1.	From the Site window, select the Work Management view and the Settings tab. Select the Projects tab and the Project management settings node in the tree.

Tip: You can also work with project settings in the Strategy Development, Reliability Program, or Performance Management views. Select the Settings tab and then the Projects tab.

2.	Select the Options tab.

3.	Click Edit to modify the site settings. The Edit button is replaced by the Save button.

4.	Clear the selection of Enable project cost updates.

5.	Click Save. Now, project costs must be recalculated manually.

To Recalculate Project Costs Manually

1.	Open the Project window.

2.	Click the Tools menu and then Recalculate Costs. A confirmation message appears.

3.	Click Yes. It might take a few minutes to recalculate the costs, depending on the size of the project structure and the number of work order tasks and transactions associated with the project.