The template allows you to define standard rates for resources used in the project.
For example, you can define labor cost rates:
1 day for a senior engineer costs $600
You can also define rates for travel:
A return flight to Tokyo is $1,500
You can even define rates for material:
40 meters of wire costs $840
The benefit? Less manual work because you only have to maintain prices once. The calculation is done automatically. And you don’t have to worry about inconsistencies like using incorrect or old values (spares you the embarrassment of incorrect budget estimates).