| # To use progress The following is a summary of the main actions you can carry out in the Project Progress part of the Project Progress and Monitoring (PPC) module. Elements, activities and extensions Progress can be booked manually on elements, activities and extensions or you can generate the progress from related data or the progress from the project plan as defined in the Requirements Planning module. Cost and commitments You can register actual costs and commitments. Every issued order or registered receipt is a commitment, and is recorded in the commitment accounting system until the corresponding invoice is entered. The costs you enter specify the actual quantities used and amounts spent. This information can also be registered in Financials and Procurement. You can enter indirect costs using cost and revenue surcharges. If costs and commitments are the result of actions in Financials or Procurement, the integration of these transactions takes place automatically. Revenues You can register all revenues for a project. You can do this manually or it can be the result of project invoicing. Revenues are created and become available in the Project Progress (PPC-1) module when invoices are printed in the invoicing module. Fluctuation settlement Invoicing can be based on scope changes in wage rates and material prices or quantities. You can record these changes by date. When there is a contract extension, you can create periodic reports and invoices on the basis of this information and registered costs. In addition, you can display entries and create invoices for provisional amounts and quantity fluctuations. Financial results You can inspect financial results while a project is still ongoing. For example, you could examine the profit or loss posting at the end of a financial year. Finance link You can automatically enter the costs and revenues related to the work in progress on one or all projects, or completed projects, as journal entries in Financials. Related topics To use the Progress and Monitoring |