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  • Project Type
  • nishitD
  • 2015-08-18 09:05:23
Project Type controls the project process flow, expenditure and revenue elements. Project type defines the nature of the project i.e. Indirect, Capital or, Contractual. Project type is also used to default various information to projects.
Project type specifies the billing process, billing currency and billing amount calculation method. You can use project types to incorporate custom billing extension programs.

You can project category through project type. You can associates different project categories to project types and project managers would be required to select correct categories while defining projects.

You can create, view or update any existing Project Transaction by navigating to Project -> Project Type.

To create a new project type/or update an existing project type, enter below information as applicable for the project type and then save the data.

Project Type Id:
A unique system generated number. You can’t modify this number.

BU Name:
Select the business organization name. You can default the business organization name from the business organization profile.

Project Type:
Enter a name for the project type. This is a free field of 25 characters.

Project Class:
Select a project class for the project type. Examples of project classes are Indirect, Capital and Contractual.
Indirect project
Indirect project is used to track project activities, time, cost & overheads of an internal project.
You cannot generate revenue or invoices for indirect projects.

Contract project
Contact project is used to track project activities, time, cost & overheads of an external project that you do against a customer requirement.
You can use contract project to generate revenue and invoices.

Capital project
Capital project is used to track project activities, time, cost & overheads of an internal project that is used to build a fixed asset.

Description:
Enter any comment /remark in the description field.

Service Type:
Select a default service type. System default this value to all the top tasks.

Work Type:
Select a default work type.

Sponsored:
Enable the sponsored checkbox for customer sponsored projects. You can generate billing for sponsored projects.

Cost Burden:
Enable the cost burdened checkbox if you want to use burdened cost for the project type. If you enable this check box then you can select a cost burden schedule.

Budget Method:
Select the cost & revenue budget methods for the project type.

Labor Billing Type:
Select schedule rate or burden rate as the labor billing type.
If you select schedule rate then system will use a schedule rate (employee / job) for billing, and if you use a burden rate then system will use a burden rate (i.e. standard rate + burden ).

Employee Schedule:
Select an employee schedule for the project type. System will allow you enter this field only if you have selected labor billing type as schedule rate.

Job Schedule:
Select a job schedule for the project type. System will allow you enter this field only if you have selected labor billing type as schedule rate.

Labor Revenue Burden:
Select a labor revenue burden schedule for the project type. System will allow you enter this field only if you have selected burden rate type as schedule rate.

Labor Invoice Burden:
Select a labor invoice burden schedule for the project type. System will allow you enter this field only if you have selected burden rate type as schedule rate.

Non-Labor Billing Type:
Select schedule rate or burden rate as the non-labor billing type.
If you select schedule rate then system will use a schedule rate (employee / job) for billing, and if you use a burden rate then system will use a burden rate (i.e. standard rate + burden).

Non-Labor Revenue Burden:
Select a non-labor revenue burden schedule for the project type. System will allow you enter this field only if you have selected burden rate type as schedule rate.

Non-Labor Invoice Burden:
Select a non-labor invoice burden schedule for the project type. System will allow you enter this field only if you have selected burden rate type as schedule rate.

Invoice Rules
Cost Cost : The ratio of actual cost to budgeted cost is used for both revenue accrual and billing.
Cost Event : The ratio of actual cost to budgeted cost is used for revenue accrual and events are used for calculating billing.
Cost Work : The ratio of actual cost to budgeted cost is used for revenue accrual and work is used for calculating billing.
Event Event : Events are used for both revenue accrual and billing.
Event Work : Events are used revenue accrual and work is used for calculating billing
Work Event : Work is used revenue accrual and Events are used for calculating billing
Work Work : Work is used for both revenue accrual and billing.

Classification
Select the categories that you want the project to use. Enable the required check box to make a category as mandatory category.

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