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Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue · Module 13 · Project Costing: Capture and Processing

What breaks

Lesson 140 of 198 · 3 min

"The cost is not on the project." Check in this order. One. Was it imported — or is it still in the source application? Two. Did expenditure import reject it, and why? Three. Is the project-task combination valid and open? Four. Is the expenditure type class permitted on the project type? Five. Is the expenditure organization classified? Six. Is the project period open? Note that step one asks a question about a different system. Half of this module's failures are not in PPM at all. Then eight cases. One. "The timecard was rejected — invalid task." Task closed, or the project not open for the date. Two. "Costs are on the wrong project." Coded wrongly at source. Transfer them — then look at whether the project list is usable. Both halves. The transfer fixes today; the list is why it will happen again next month. Three. "The supplier invoice cost

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In this module: Module 13 · Project Costing: Capture and Processing

  1. 1Where project costs come from
  2. 2Timecards and labour cost
  3. 3Expense reports and supplier invoices
  4. 4Expenditure import
  5. 5Validation and adjustment
  6. 6Commitments
  7. 7Capitalization and asset creation
  8. 8Cost processing and period close
  9. 9What breaks
  10. 10Lab: every source, every error, one closed period