Revenues in the plan?

  • Thread starter Antartica Solutions - Lars Hallin
  • Start date
A

Antartica Solutions - Lars Hallin

Hi all,

Is there a smart way to handle project revenues in MSP? What I am looking
for is a method to visualize both cost and income as a result of the
project, for example when presenting for a steering group in a Go/No Go
meeting.

Cheers
Lars
 
S

Steve House

IMHO, Project is the wrong tool to use for projecting and tracking revenues.
The costs of a project are accrued as the work is done and deal with the
direct, internal, costs of doing the work itself. But billings and revenues
need to take into account many more factors beyond the direct costs of work
performed such as overheads, cost of capital, etc. The timing of revenues
is not always related to the timing of the work on the project in any simply
way either - you may bill up-front, your client may be on net 30 or 60, you
may or may not have progress payments and they may be related to specific
deliverables or only the passage of time, different work may have different
billing rates - it all just becomes a nightmare of complexity. Use Project
for estimating your costs, export that information into Excel, and go from
there to add the revenues.
 

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