I am doing research on 3 different values available on the Rate Matrix.
The values are -
1. Actual Cost
2. Standard Cost
I have created a dummy project (and a cost plan within the project) and posted time. On the cost plan I see results that - from what I can tell - are calculated using the Actual Cost and Rate numbers on the Rate Matrix. I cannot find any instance where the Standard Cost is used to calculate results. Does anyone have any guidance on how Standard Cost relates to Cost Plans in a project? For some background - I was given this research item because a customer would like to manage financials in Clarity, but they utilize three different cost values (I was trying to determine if the three different cost/rate values listed above might be utilized as a potential solution); however I cannot find an example of the cost plan using the Standard Cost from Rate Matrix. Any thoughts/feedback are appreciated.