There are two different kinds of costs which are related to projects:
- The number of hours spent on the project.
- Cost made by third-party services or other purchases.
This step is about the definition of all type of costs which are not caused by spent hours of (planned) resources.
These costs can be added to the calculation of the project so you’ll get insight in budgets based on hours (activities) and other calculated costs.
When the purchase invoice is booked on the project, the budget of the calculated cost is affected.
If your projects costs are exclusively based on spend hours, there is no need to specify other costs. In that case, you can complete this step by archiving the default set of costs.
If you do want to calculate and specify other project costs, you can add or rename costs.