Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue · Module 13 · Project Costing: Capture and Processing
Where project costs come from
Lesson 132 of 198 · 2 min
Timecards from Time and Labor. Expense reports from Expenses. Supplier invoices from Payables. Purchase commitments from Procurement. Material issues from Inventory. Manual and adjustment entries, entered directly. And third-party systems, via expenditure import. EVERY SOURCE IS A SEPARATE INTEGRATION AND OFTEN A SEPARATE IMPLEMENTATION. A client wanting all of them is running several projects. Ask which sources matter in year one. That question turns a list into a plan. What every source must supply. Project. Task. Expenditure type. Expenditure organization. Date. Quantity. IF THE SOURCE SYSTEM CANNOT CAPTURE PROJECT AND TASK, THE INTEGRATION DOES NOT WORK — REGARDLESS OF ANYTHING ELSE. That is the first question to ask about any third-party system somebody proposes feeding costs from. It is answerable in one email, and it decides whether the integration is possible at all. The coding problem. A person entering a timecard must pick the right project and task. If the…
The full lesson is part of the course
The video, the complete written lesson and the module quiz are included in Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue, with a certificate on completion and a fourteen-day refund window.