Microsoft Project 2021 From Beginners to Advanced - Cost Rates and Rate Changes

The video tutorial covers the concept of cost rates and their application in resource management. It explains how different rates can be assigned to resources based on tasks and how to manage these rates using a resource sheet. The tutorial also demonstrates how to adjust rates, schedule changes, and reflect these changes in project schedules. It provides practical examples using Northern Farm Foods and Bakersfield Associates, illustrating how to handle standard and overtime rates, as well as how to apply percentage increases to rates.

Describe the process of changing a resource's cost rate table in the task usage view.

What happens to the costs when the rates for resources increase?

How can percentage increases in rates be applied to resources?