Rate schedules are defined for both billing and costing. A bill rate schedule maintains the rates and percentage  markups over cost that you charge clients for your labor and non–labor expenditures. A cost rate schedule maintains hourly cost rates for employees or jobs. In addition, Oracle Project Resource Management uses bill rate schedules and cost rate schedules to perform forecasting based on staffing plan.

You can define or copy rate schedules for your entire organization. You can also define or copy separate rate schedules for individual business units.
Note: There is no system attribute to distinguish between a bill rate schedule and a cost rate schedule. It is recommended that you use naming conventions when you create rate schedules that distinguish bill rates from cost rates.
You specify one of the following schedule types for each rate schedule you define:
• Employee – Use this type of rate schedule to define standard hourly rates or percentage markups for billing by employee.
• Job – Use this type of rate schedule to define standard hourly rates by job title.
When you enter a job–based rate schedule, you enter a job group to indicate which jobs are used to determine rates.
When a project uses a job–based bill rate schedule , the job group on the schedule must match the project’s billing job group.
• Non–Labor – Use this type to define standard bill rates or percentage markups by non–labor expenditure type or non–labor resource. All expenditure types that you want to bill must be enabled. If you want to bill at cost, you must enter a 0% markup.
Note: In a multi–organization environment, you can share rate schedules across different operating units, or have different rates for the same resource in different operating units.

To define a rate schedule:
1. In the Rate Schedules window enter a schedule name and a description of the schedule.
2. Specify the organization that maintains the schedule.
The organization you enter can be any organization from your organization hierarchy, regardless of whether the organization has the Expenditure Organization classification, and regardless of the start and end dates for the organization.
3. Specify a currency for the schedule.
Note: You can specify a different currency for your Bill Rate Schedule if the Enable Multi Currency Billing option is enabled for the operating unit.
4. Check the Share Across Operating Units check box to allow other operating units to use this schedule.
Note: To share bill rate schedules, you must also enable the Share Bill Rate Schedules Across Operating Units options in the Billing tab of the Implementation Options window.
5. Select a schedule type.
6. Depending on the schedule type, specify rates or markups for employees, job titles, or non–labor expenditure types.
Note: When a project uses a job–based bill rate schedule, the job group on the schedule must match the project’s billing job group. If you need to change to a different schedule, only those schedules that match the project’s billing job group are allowed.
7. Save your work.