Rate Matrix Actual Cost VS Standard Cost

Products

• Clarity PPM SaaS
• Clarity PPM On Premise

Issue/Introduction

What is the difference between the use of 'Actual Cost' vs. 'Standard Cost' fields defined on a rate matrix? 

 

Environment

Release: All

Resolution

The Rate Matrix rows have three fields that can have a 'rate' value:

1. Rate 
The billing rate to be applied to a transaction. This is the value that is applied for billing (revenue).  This rate is used in Cost Plan population to compute the 'Revenue'.

2. Standard Cost
The standard cost associated with any transaction matching the criteria established in the rate matrix. It can also be used in the definition of a Cost Plus Code. It may be used in developing user-defined cost reporting.

3. Actual Cost.  
The actual cost associated with any transaction matching the criteria established in the rate matrix.
This is the value that is extended through the costing fields in the system, including the scheduling tools.
It can also be used in the definition of a Cost Plus Code. This rate is also used in the Cost Plan population to compute the (Planned) 'Cost'.

 

 

Additional Information

The following tables can be queried for the rates:

From the live matrix:

PPA_MATRIX
PPA_MATRIXVALUES
numval1 (rate)
numval2 (standard rate)
numval3 (actual cost rate)

From the financial posting side:

PPA_WIP
PPA_WIP_VALUES
billrate (rate)
amount (standard rate)
price (actual cost rate)