Book Image

Microsoft Dynamics 365 Project Operations

By : Robert Houdeshell
Book Image

Microsoft Dynamics 365 Project Operations

By: Robert Houdeshell

Overview of this book

Dynamics 365 Project Operations is a game-changing solution set for project-driven businesses that allows you to deliver commercially successful projects in a timely and cost-effective manner, keeping the project teams productive and collaborative. With this book, you'll find out how you can bring more value to the business by winning new projects and driving exponential revenue growth. Starting with the key principles of Project Operations, you'll understand how it improves project planning and execution. You’ll then learn how to successfully deploy Project Operations along with different integration strategies and get to grips with the best approach for sales through project opportunities, project contracts, and pricing workflow implementation. This book will guide you through setting up direct staffing and centralized staffing models and enable you to manage project changes confidently by getting hands-on with project timeline management, pricing management, resource assignments, and modifications. In the final chapters, you'll find out how to use Project Operations effectively for project accounting and finance. By the end of this book, you’ll have gained the confidence to deliver profitable projects in a well-connected organization through efficient decision-making and successful customer-client relationships.
Table of Contents (17 chapters)
1
Section 1: Foundation and Framework of Project Operations
5
Section 2: Project Sales through Delivery
10
Section 3: Project Delivery through Operations

Understanding the approvals and actuals process

The time- or expense-approval process begins with submitted entries, as outlined in Chapter 9, Team Member Activities. The approval process is generally performed by the project manager of a project. However, for the purposes of the Project Operations app, it should be noted that whoever the project manager is designated as on the Summary tab of a project is the person who will be responsible for approvals.

Approvals are important since they are the validation of quality data going into the Project Operations system. With this quality step, a project manager is able to validate the project and task information as well as the quality of customer-facing information. This results in better accounting and billing data.

The approval process is important for the validation of the quality of data, which becomes the quality of financial transactions. The quality of this data will literally result in either better cash flow—due to...