Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue · Module 14 · Project Billing: Contracts, Invoice and Revenue Methods
Lab: a master agreement, a fixed price, and one task that must not bill
Lesson 152 of 198 · 2 min
Ninety minutes. Meridian has a master services agreement with one client funding three separate engagements, billed on a time-and-materials basis at agreed role rates, with a hard limit at the agreed value. A second client has a fixed-price engagement billed on milestones, with revenue recognized on percent complete. ON THE TIME-AND-MATERIALS ENGAGEMENTS, PROJECT MANAGEMENT TIME IS BILLABLE BUT INTERNAL QUALITY REVIEW TIME IS NOT — IT SITS ON A SEPARATE TASK. What is in there. One agreement, three engagements is Lesson 2's master-agreement shape — one contract, several projects. "Billed on milestones, revenue recognized on percent complete" is Lesson 3, written into the brief. Two different bases, deliberately — and the criterion checks you built them that way rather than matching them. The quality review task is Lesson 7. It sits on a separate task specifically so that task-level association can exclude it, and the criterion says those costs must…
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In this module: Module 14 · Project Billing: Contracts, Invoice and Revenue Methods
- 1The contract dependency
- 2Contracts, lines and projects
- 3Bill plans and revenue plansFree preview
- 4Invoice methods
- 5Revenue methods
- 6Creating a contract
- 7Associating projects and tasks
- 8Contract types and approval
- 9Proving the association works
- 10What breaks
- 11Lab: a master agreement, a fixed price, and one task that must not bill