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

Chapter 5

  1. Project contract. The project contract is a project-based variation of the order entity.
  2. False. Most all projects will have multiple invoices generated.
  3. Milestones. Milestones are created to reflect the contractual agreements in a statement of work.
  4. True.
  5. False. In our example, we are mixing fixed-price and time and material contracts.
  6. Provides a schedule of milestone invoice-generation dates.
  7. Time and materials, since time and materials contracts require a selling rate to bill out the hours.
  8. The multidimensional pricing model allows for pricing at a rate card-, client-, and project-specific level.
  9. False. If set up properly, labor cost rates can be used to track all costs against a project.
  10. False. Project costing is a sensitive topic. I suggest working cross-functionally through a firm to gain agreement on what a project cost is.