Financial profile of a participant

Before planning budgets or recording expenses for personnel, you will need to set their financial profiles (namely, define for each participant personnel and indirect cost rates).

Tip: You can also create a general indirect cost rate in the Customization settings that will be applied to all participants working in a project workspace.

Note: To manage the financial profile of a participant, you must have Edit access rights to the participant and the current plan version must be in the Edit mode (see "Roles, access levels, and access rights" and "Manage project plan versions").

Follow the instructions below on how to manage the financial profile of a participant.

1

Click Participants in Home menu, this will open the "Participants" section.

2

Click on the participant which financial profile you would like to update or click on its "Edit" icon.

3

A sidebar for this participant will appear, select the "Financial Profile" tab.

4

In the "Financial Profile" tab, you can set one or many different personnel and indirect cost rates. It could be one average cost rate or specific rates for various collaborators.

Note: Read here how to set and edit personnel cost rates and how to set and edit indirect cost rates.