There are actually three types of resources in MS Project
- Work resource — human resource, or equipment rented by the hour
- Material resource — consumable materials used on the job
- Cost resource — misc. expenses used on the job
Building a Microsoft Project with resources is much more than just human resources. It’s more than just Jim and Bob assigned to tasks. There are other types of resources that all have costs impacting the project.
The video below shows all three resource types. Scroll down and watch.
Work resources are usually human beings. They have a standard rate for each hour of work. But Work resources could also be machines that cost you a certain amount to use for each hour. A trackhoe that costs you $10,000 per hour is a work resource. You assign it to a task for a specified number of hours. When the task is finished, you own $10,000 times the number of hours. Ouch!
Material resources are normally consumables. You use up these materials on the job. The video describes buckets of nails as an example. You use a certain number of buckets for each task. When the task is done, you have cost the project the number of buckets times the cost for each bucket.
Cost resources are miscellaneous expenses your project incurs. Add these to your project so you know the total cost, including all the items used.
It turns out that all these MS Project costs come down to Standard Time during synchronization. Not only do your tasks come down, but so do all the resources and their costs. Of course you can send actual work back up to MSP from your employee timesheet, which lets you compare estimates with actuals. But this video describes resource costs.
Have a look at the video below.