Project Recognition Method

In order to recognize project costs and revenues, a recognition method must be entered in the reporting level in the project. The following methods are available:

Recognition Mtd. Description
0 No recognition.
1 Recognition at delivery or project completion
2 Manual recognition at delivery or project completion
3 Percent of completion (POC) with distributed budget/forecast
4 POC with total budget/forecast
5 As method 3, but with distributed budget/forecast for work performed (budget item with entry option 4)
6 As method 4, but with total budget/forecast for work performed (budget item with entry option 4)
7 Recognition based on actual revenue

Different methods can be processed in parallel during recognition. However, only one method is valid per project and reporting level.