Microsoft Project 2021 From Beginners to Advanced - Create a Cost Resource

The video tutorial explains how to manage cost resources in a project, focusing on airfare as an example. It covers creating a cost resource, assigning it to tasks, and viewing the costs in different project views. The tutorial demonstrates how to set costs for tasks like booking flights and venues, and how to analyze overall project costs using resource usage views.

What is a key characteristic of cost resources like airfare?

• They require detailed field completion.

• They are recurring expenses.

• They are always assigned at the end of a task.

• They are one-off costs.

When assigning a cost resource to a task, what must be specified in the 'accrue at' field?

• The total project cost

• The resource's initials

• The task's priority level

• The start, end, or prorated assignment

How can you assign a cost resource to a task in a Gantt chart?

• By selecting the task and entering the cost in the notes section

• By choosing the task and selecting the resource from a dropdown

• By creating a new task with the resource name

• By adding the cost to the project summary

What is the purpose of adding a cost column in the resource usage view?

• To list all tasks in the project

• To view the individual and total costs of resources

• To display the project timeline

• To see the total project duration

What can be analyzed using the resource usage view?

• The number of team members

• The project's completion percentage

• The breakdown and grouping of project costs

• The project's start and end dates