If I set up a task for Bob at 100% effort and the guidance is it will take him 40 hours to complete the task. As I have a cost assigned to Bob of $50 per hour I have a theoretical effort of 40 hours and theoretical cost of $2000 for his participation in that task that I can then apply to the project budget.
However during execution Bob actually only takes 30 hours to fully complete the task. I set the task to complete, but I need a way to show the actual effort as 30 hours and the actual cost as $1500.
What’s the best way to achieve this?