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Managing PM Project Phases

The PM Project Phases form is essential for managing the various phases of a project. It links each phase to a contract item, costs and revenues are accurately tracked and posted to the general ledger.

Before you start​

  • A project with defined phases and contract items.

Steps​

  1. Open thePM Project Phasesform.
  2. Review the list of phase codes associated with your project.
  3. Ensure each phase is linked to a single contract item to maintain the cost-revenue relationship.
  4. Use the Cost Types tab to enter original estimates or estimated costs for each phase, either as units or lump sum amounts.
  5. Utilize the PM interface form to send phases and cost types to the job cost module for accurate accounting.

Notes​

  • Ensure each phase is linked to a contract item to avoid discrepancies in cost and revenue tracking.
  • Verify that all cost types are correctly entered to prevent errors in financial reporting.