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Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue · Module 6 · Rate Schedules and Pricing

What breaks

Lesson 64 of 198 · 2 min

Six cases. One. "The transaction priced at zero." No derivable rate. Work down the hierarchy — and if you had built the resource class fallback from Lesson 4, this would not have happened. Two. "The rate is wrong and I cannot see why." A more specific override exists somewhere. Lesson 5's method, applied. Three. "A backdated timecard used this year's rate." Effective dating not applied — the old rate was overwritten instead of dated. Four. "A project on last year's terms is billing at new rates." No project-level override for the in-flight contract. That is a client conversation, not a support ticket. Five. "Delivery consultants can see everyone's cost rates." A CONFIDENTIALITY INCIDENT, NOT A CONFIGURATION DEFECT. Access not restricted. Nothing is broken. Somebody can see salaries, and the fix is a conversation about who should have been able to. Six. "Rates have not been updated in two years." No

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In this module: Module 6 · Rate Schedules and Pricing

  1. 1Cost rates and bill rates
  2. 2The four schedule types
  3. 3Creating person and job rate schedules
  4. 4Nonlabor and resource class rate schedules
  5. 5Rate sources and the derivation hierarchy
  6. 6Currency and effective dating
  7. 7The annual rate cycle
  8. 8What breaks
  9. 9Lab: rate the business and explain three transactions