During this instructor-led class, we focus on the Project Master for capturing information associated with Cost Plus and Time & Material contracts, in addition to indirect efforts. We review the definition of the project work breakdown structure, the capture of contract and funding values, the setup of the Revenue Recognition formula, and the definition of ceilings on revenue and billing amounts. We look extensively at the project transaction validation routines in the system and the manner for regulating charging against a project. Critical discussion topics include the concept of revenue recognition by owning versus performing organization and cross-charging. Additional topics include use of the Advanced Project Budgeting module, Alternate Projects, and initialization of Project History. This is an instructor-led class held at a state-of-the-art learning facility.
Registration Deadline: Participants must be registered at least two (2) weeks prior to course start date.
Costpoint User Fundamentals
To schedule for your organization, contact Customized Training