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ACCOUNTING
                       *Advanced Costing
                       Enables Advanced Costing for the project

                       *Default Labor Cost Element for Advanced Costing
                       Establishes the cost element that will be used for labor when a Person’s default labor
                       cost element is not valid for the project’s cost structure; required when Advanced
                       Costing is enabled

                       MANAGE ADVANCED COSTING RATES
                       Fiscal Year
                       All fiscal years configured in Admin Setup

                       Indirect Cost
                       All Indirect Costs for the selected Cost Structure

                       Rate Type
                       Provisional: Rate determined by forward pricing, typically used for billing
                       Target: Goal rate determined based on budgets, typically used for long-term planning

                       Indirect Cost Rate
                       Positive number from 0 – 999.999999999999

               Once the fields for the Advanced Costing rates have been completed and saved, each
               entry will be automatically annotated with the username that created the entry and the
               date.


                         Activity 2.6 – Create a New Cost Plus Project
                         Login: Dana Contracts (Project Manager) – dcontracts / welcome


               Activity Steps:

               Part 1: Copy and modify an existing Project
                   1.  On the left side of the Home dashboard, navigate to My Lists and select “Project
                       Execution Course Projects”.
                   2.  Select the copy icon beside the project “253CONSULT PM3-ANALYSIS-CP”.
                   3.  Check the box to “Select All” project attributes.
                   4.  Uncheck the boxes for “Fixed Price” and “Self Assign”.
                   5.  Press Next.
                   6.  Modify the project profile as indicated below, pressing Save on each screen to
                       ensure changes are preserved.

                    PROFILE
                    *Owning Organization:           GS-CYBER - Cyber
                    *Project Organization:          253CONSULT – Two Five Three Consulting
                    Contract:                       SCA-24 – Security Services
                    *Project Code:                  TRAINING-CP-EXPENSES
                    Project Title:                  Two Five Three Consulting Training Expenses




               LESSON 2: CONFIGURING PROJECTS AND TASKS
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