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Fremont generally consolidates a variety of administrative labor hours in one indirect project; occasionally, however, Fremont creates a distinct administrative work project to record hours spent on specific efforts. For example, Fremont created an indirect project to record hours spent on implementing Oracle Applications.
Members of Fremont's administrative support staff submit weekly timecards showing hours to be charged to the indirect project for administrative work. In addition, project managers periodically charge hours to this project for the time they spend writing semiannual performance reviews and performing other administrative tasks.
Fremont uses the resulting project information, together with a summary of other expenses such as rent, insurance, and cost of capital, to periodically review its bill rates and markups to ensure that the company is recovering the cost of labor.
Fremont uses the Projects window to enter the following administrative work project. | |
Project | |
Number | Admin |
Name | Administrative Work |
Description | This project is used to record general administrative work. All costs are charged to the cost center of the employee performing the work. |
Organization | Finance |
Status | Permanent |
Public Sector | No |
Type | Overhead |
Task | |
Task Number | Admin |
Task Name | Administrative Work |
Description | This task holds general administrative labor |
Organization | Finance |
Service Type | Administration |
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