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Administrator Guide
Last Updated: 2023-06-23
Maintain Project Advanced Labor Cost Calculation Types

Maintain Project Advanced Labor Cost Calculation Types

  • Create your standard cost rate sheet or set up a fully burdened cost rate definition.
  • Security:
    Set Up: Project
     domain in the Projects functional area.
You can define cost calculation types to prorate your project labor costs.
  1. Access the
    Maintain Project Advanced Labor Cost Calculation Types
     task.
  2. (Optional) For salaried calculation methods, select the
    Base Cost Rate Is Max
     check box. This check box caps the maximum hourly cost rate during the proration calculation not to exceed the base cost rate from the standard cost rate sheet or fully burdened cost rate definition.
  3. Assign the
    Start Day Of Week
     to identify the first day of the work week for this cost calculation type.
  4. Include time components to calculate your proration factor.
    As you complete the
    Actual Hours For Calculation
    section, consider:
    Option Description
    Absence
    Select to include worker time off and absence time entries. Doesn't include leave of absence.
    Ad Hoc Project Time
    Select to include approved ad hoc project time transactions.
    Company Holiday
    Select to include the hours from holidays designated on the company holiday calendar, except those holidays occurring on Saturday or Sunday. Workday calculates holidays as a full day of work per occurrence, depending on worker position.
    If you plan to submit time entries on holidays, select
    Absence
     instead.
    Project Time Block
    Select to include hours from approved time entries submitted for project or project plan tasks.
    Non-Project Time
    Select to include approved hours from time entries submitted with codes other than absence, project, or project plan tasks.
    As you complete the
    Total Hours For Calculation
     section, consider:
    Option Description
    Scheduled Weekly Hours
    Select to use the scheduled weekly hours based on the worker primary position from Workday Human Capital Management (HCM).
    When you select the
    Scheduled Weekly Hours
     check box, Workday automatically selects the
    Absence
     and
    Company Holiday
     check boxes.
    Specified Scheduled Hours
    (Optional) Enter a value to override the hours populated from the
    Schedule Weekly Hours
     option.
    Absence
    If you clear this option, the approved hours from time off entries reduce the values from the schedule weekly or specified scheduled hours.
    Company Holiday
    If you clear this option, the company holiday hours and approved time off entries for these holidays reduce the values from the schedule weekly or specified scheduled hours. Workday calculates holidays as a full day of work per occurrence, depending on worker position.
    If you plan to submit time entries on holidays, select
    Absence
     instead.
    Non-Project Time
    If you clear this option, the hours from approved nonproject time entries reduce the values from the schedule weekly or specified scheduled hours.
  5. (Optional) Use the
    Preview Cost Calculation
    button to preview how your configured cost calculation type calculates the proration factor.
    The preview results are simulations and don't make updates to your labor cost data for projects.
Assign your cost calculation types to prorate worker groups. Define your worker groups using project cost rate rules.