When creating a job or opportunity in Metis, you can either set the Type as Fixed Price or Time & Materials. Dependent on this choice, your Resource Plan will look slightly different and react differently with the associated Budgets for this job/opportunity.
Read more about the differences between Fixed Price and Time & Materials jobs/opportunities here.
This article contains:
Fixed Price - Resource Plan
Due to the nature of a Fixed Price job, the revenues aren't controlled by the resourcing on the job. Because of this, there is no column in the resource plan for hourly charge rates, as you've already agreed the revenue expected on this job with the client.
If you want to begin driving the costs for this job from the cost total shown in the Resource Plan, click Change in the top-right corner, and turn ON resource-driven budgeting.
If you do that, you'll see confirmation shown in the resource plan next to the Change button.
How does an effort-driven job affect the budgets?
From then you'll notice that your budgeted costs are being driven from the information (total effort and internal hourly cost rate) added to the Resource Plan.
Forecast
Read how this affects the Forecast tab here.
Time & Materials - Resource Plan
Due to the nature of a Time & Materials job, the revenues can be controlled by the resourcing on the job. Because of this, you will see a column in the resource plan for hourly charge rates, so you can add a job-specific hourly charge rate for each person working on the job.
If you want to begin driving the costs for this job from the cost total shown in the Resource Plan, click Change in the top-right corner, and turn ON resource-driven budgeting.
If you do that, you'll see confirmation shown in the resource plan next to the Change button.
How does an effort-driven job affect the budgets?
From then you'll notice that your budgeted costs are being driven from the information (total effort, internal hourly cost rate and hourly charge rate) added to the Resource Plan.
Forecast
Read how this affects the Forecast tab here.
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