Change Requests: To Configure Project Markups

The following implementation activity will walk you through the process of configuring project markups in an existing project.

Attention: This activity is based on the U100 dataset. If you are using another dataset, or if any system settings have been changed in U100, these changes can affect the workflow of the activity and the results of the processing. To avoid any issues, restore the U100 dataset to its initial state.

Story

Suppose that you, as the project manager need to configure the following price markups to be applied to change requests created for the ITALIAN project:

  • A markup of 9% of the total costs to be applied to an entire change request
  • A markup of 6% of overhead to be applied to an entire change request
  • A markup of 7% of all the previously charged markups to be applied to an entire change request
  • A flat fee of $1250 per change request

Also, you need to associate these markups with the particular project task, account group, and cost code to track them in the revenue budget of the project. Acting as the project manager, you will perform these tasks.

Configuration Overview

In the U100 dataset, the following tasks have been performed for the purposes of this activity:

  • On the Enable/Disable Features (CS100000) form, the Construction and Change Orders features have been enabled.
  • On the Account Groups (PM201000) form, the REVENUE account group has been configured.
  • On the Projects (PM301000) form, the ITALIAN project has been configured; the project tasks have been created, along with the related cost and revenue budget.

Process Overview

You will create document markups of different types for the project on the Defaults tab of the Projects (PM301000) form. To each of the created markups, you will assign the project task, account group, and cost code, with which the markup amounts should be associated.

System Preparation

To sign in to the system and prepare to perform the instructions of the activity, do the following:

  1. As a prerequisite to the current activity, perform the Change Requests: Implementation Activity activity to configure the change requests functionality.
  2. Sign in to a company with the U100 dataset preloaded. You should sign in as project manager by using the ewatson username and the 123 password.

Step: Updating Project-Specific Markups

Specify the markups for the ITALIAN project by doing the following:

  1. On the Projects (PM301000) form, open the ITALIAN project.
  2. In the Document Markups table on the Defaults tab, add lines with the following settings.
    Type Description Value Project Task Account Group Cost Code
    % Profit markup on cost 9.00 02 REVENUE 02-000
    % Overhead cost markup 6.00 02 REVENUE 02-000
    Cumulative % Default Cumulative % 7.00 02 REVENUE 02-000
    Flat Fee Additional charges 1250 02 REVENUE 02-000
  3. Save your changes to the project.