Support cost plus pricing for resource time
Enabled for | Public preview | General availability |
---|---|---|
Users by admins, makers, or analysts | Feb 16, 2024 | Oct 1, 2024 |
Business value
Many professional services organizations derive their bill rates as a function of the associated cost rate of a resource. Empowering organizations to derive these prices directly in Project Operations saves time, provides flexibility, and eliminates the need for external tracking sheets sometimes used to perform these calculations.
Feature details
Currently, Project Operations supports the ability to define a bill rate across multiple dimensions. However, the cost is currently not a supposed configuration. This new feature provides the ability to define line items in a sales price rate as a function of a related cost rate. Enabling these capabilities supports less risk-averse contracting models such as cost plus.