Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue · Module 14 · Project Billing: Contracts, Invoice and Revenue Methods
Contracts, lines and projects
Lesson 143 of 198 · 2 min
Contract — the commercial agreement with the customer. Header-level terms, customer, currency, dates. Contract line — a billable element of the agreement. Different lines can have different billing terms. The association — contract lines are associated with projects and tasks. THAT ASSOCIATION IS WHAT MAKES A PROJECT'S COSTS BILLABLE. The many-to-many reality. One contract, one project — the simple case. One contract, many projects — a master services agreement funding several engagements. One project, many contracts — a project funded from more than one source. Why the association is at TASK level as well as project level. Some tasks on a project may be billable to the contract and some not. Task-level association is how you express that. That is the lab's central requirement, and one of the few places in this course where the right answer is genuinely fine-grained. Contract amounts and limits. The contract carries the value; billing…
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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