Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue · Module 5 · Expenditure Types, Nonlabor Resources and Project Roles
Creating expenditure types
Lesson 51 of 198 · 15 min
Create an expenditure type: name, expenditure category, revenue category, unit of measure. Select expenditure type classes and set effective dates per class. Set tax classification codes where relevant. Create a labour type, a travel type, a subcontract type and a nonlabor type. Show the type appearing where it is consumed — and show a type FAILING to appear because the class was not allowed. UNIT OF MEASURE MATTERS. Hours for labour, currency for expenses. It drives how quantities are interpreted everywhere downstream — get it wrong and the number is right and the meaning is not. Effective dates per class let you introduce a source later without recreating the type. Tax classification codes matter if the client bills with tax. Confirm with Finance.
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.