| Project (tppdm6600m400) Use this session to maintain master project data for each project. The project data defines all
aspects of the project. Many fields depend on the parameter sessions for
defaults or input. So, if a field has incorrect data, check the related field
in the parameter sessions. Note Use the Maps section to view the location of the Address Code Project and the Ship-from Address. You must select only one record at
a time. Use the Rotate Currency button to see amounts
in the different home currencies. The revenue recognition method and the cost of
goods sold method is defined at the project, extension. RR and COGS can also be
determined at the element and activity level depending on the method of RR and
COGS selected. The usage of element and activity depends on whether the project
is controlled by element or controlled by activity. On the project level and extension level, you
can set a lower and upper limit on the revenue to be recognized. You can access the following sessions using the tabs in this
session: - Elements (tpptc1100m000)
- Activities (tppss2100m000)
- Milestones (tppss2101m000)
- Contract Link to Project Structure (tpctm0160m000)
- Responsibility by Employees (tppdm6149m000)
General Project Project Enter a new project code. You can choose to create a project from: - An existing not-used general project.
- A new number attached to the project series.
- A new number attached to the estimate series. The
estimate series is different from the project series. If you create an
estimating project, the numbering helps you recognize that the project started
as an estimate.
- A first free number.
Description The description or name of the code. Project Status The status of the project. The project status is important for following the right course
throughout the project life cycle. Note For projects of type Template, the
project status does not hold any significance. General Project Manager The employee who is the manager for the project. Description The description or name of the code. Address Code Project The code that identifies the location where the
deliverables for the project can be sent. In the US this address code is used
for the tax provider. Description The description or name of the code. Ship-from Address The address entered here will be used as the standard
ship-from address for the project deliveries and services. Enterprise Unit A financially independent part of your organization that
consists of entities such as departments, work centers, warehouses, and
projects. The enterprise unit's entities must all belong to the same logistic
company, but a logistic company can contain multiple enterprise units. An
enterprise unit is linked to a single financial company. When you carry out logistic transactions between enterprise
units, these are posted in the financial companies to which each enterprise
unit is linked. You can define the relationships between the enterprise units,
and thus the goods transfer that can take place between the enterprise units.
To use invoicing and pricing between enterprise units, you must link the
enterprise units to internal business partners. You can use enterprise units to do separate financial
accounting for parts of your business. For example, you can define enterprise
units for separate parts of your organization that belong to one logistic
company, but that are located in different countries. The accounting of each
enterprise unit is performed in each country's national currency, and in the
financial company linked to the enterprise unit. Description The description or name of the code. Financial Company The financial company to which the enterprise unit is linked.
If the financial company is not the same as the operational company, the
currency system of the financial company will be used for Project. Description The description or name of the code. Project Currency If the project is performed in another country, the project
currency is useful for monitoring. This currency can be an external currency
that is not specified as one of the home currencies. Description The description or name of the code. Description The description or name of the code. Search Key An alternative form of a description used for convenience
during searching. Typically, it is an abbreviation, an acronym, or a mnemonic
alternative to a full description. Search Key II The second search key for the item. Project Type Internal Project If this check box is selected, the project is an
internal project. An internal project has no contractual obligations to a
business partner and its costs will be booked to the profit and loss account.
Next to the simple internal project there is also a possibility of making a
capital project if you check the Internal Project check box and the Capital Project check box. A capital project is an
internal project that will be capitalized on the balance sheet as a fixed asset after completion. Capital Project A project used for internal use in which deliverables can be
booked as fixed fixed asset but delivery of goods is not possible. In a capital project, you
are the business partner. Note The check box cannot be selected if the
financial transactions have been processed for the project and the project has
already been made Active. Template If this check box is selected, the project is of the type template and cannot be used for actual projects. This
project can be used only for copying projects. Note You can select the check box only if the
status of the project is Free. Hierarchy Type A project must belong to one of the project
types. Main Project The main project to which the subproject
belongs. Description The description or name of the code. Program The code that identifies the program linked to the project. Description The description or name of the code. Use Organization Breakdown Structure If this check box is selected, the organization breakdown structure (OBS) is used for the project. Note You can view this field only if the All Activity Types check box is selected in the General Project Parameters (tppdm0100s000) session. Organization Breakdown Structure The code of the organization breakdown structure. Note You can view this field only if the All Activity Types check box is selected in the General Project Parameters (tppdm0100s000) session. Description The description or name of the code. Financial Agreement Specification Contract The code of the contract linked to the project. Description The description or name of the code. Description The description or name of the code. Contract Amount The total amount of the project contract. For a time-phased budget version, the contract amount is
expressed as follows: contract amount = profit fee + management reserve + distributed budget + undistr. budget The contract amount is used to determine the invoice limit. Contract Type This field determines how the project contract amount is
calculated. This affects the invoicing in Project. Invoice Type The invoice type you choose determines the way invoicing is handled in Invoicing. Payment Terms for Financial Analysis Material The average number of days between order date and payment
date. Labor The average number of days between order date and payment
date. Equipment The average number of days between order date and payment
date. Subcontracting The average number of days between order date and payment
date. Sundry Cost The average number of days between order date and payment
date. Business Partners The average number of days between order date and payment
date. Fixed Assets Asset Number If you select the Capital Project check box and you want to link the
project to a fixed asset code, you can enter an asset number and an extension.
The fixed asset will be appreciated at the closure of the project's actual
costs. Zoom to the Assets (tffam1500m000) session to
enter the fixed asset. Description The description or name of the code. Asset Extension The asset extension is a description field. You can enter
up to 15 characters. You can use this field to, for example, choose from a
range of fixed assets that belong to one asset number in the Assets (tffam1500m000) session. Financial Result Status This field determines the procedure for calculating the
financial project result in Financials. Budget Methods Budget by The project budget type determines the way you look at your budget. You can budget the project by: Control by The project can be controlled by: Note The project budget uses project control to: - Monitor the project outcome, the revenues, the costs.
- Make a plan, if the Project control type is Activity
Budget.
Use Extensions in Budget If this check box is selected, extensions are used in
the budget and in cost control. Main Project Budgeting If this check box is selected, the budget cost analysis
and the generated control data only include the budgeted costs of the main
project itself. The actual costs include both the cost of the main project and
the costs of the corresponding subprojects. If this check box is cleared, the
budget cost analysis and the generated control data include both the budgeted
cost of the main project and the budgeted costs of the corresponding
subproject. Actuals Budget Top Element The top element of a project element or activity structure.
The project budget is composed of a tree-like structure. The structure has only
one top element or activity. Description The description or name of the code. Budget Cost Analysis Based on the project budget, several budget cost analyses
can be performed in the Generate Budget Cost Analysis (tpptc3200m000) session. Each budget cost analysis is stored
under the combination of project code and budget cost analysis code. For each
project it is indicated which budget cost analysis code must be regarded as
actual. The actual budget cost analysis is defaulted in, for
example, these sessions: - Display Financial Analysis (tppss0701m000)
- Print Budgeted Project Costs (tpptc3440m000)
Description The description or name of the code. Time-Phased Budget Analysis Based on the actual budget, several budget cost analyses
can be performed in the Generate Budget Cost Analysis (tpptc3200m000) session. Each budget cost analysis is stored
with the combination of project code and budget cost analysis code. For each
project it is indicated which budget cost analysis code must be regarded as
actual. In the case of cost comparisons between the estimate, the actual budget
and/or the actual costing, LN always shows the cost data of the actual budget on the basis of
the actual budget cost analysis code. Description The description or name of the code. Exchange Rate Type Budget The default exchange-rate type used for budget cost analysis across the package. The user can
change the value while generating the budget cost analysis. Description The description or name of the code. Exchange Rate Type Costs The default exchange-rate type used for purchase cost analysis across the package. The user can
change the value while generating the budget cost analysis. Exchange Rate Type Revenues The default exchange-rate type used for sales cost analysis across the package. The user can
change the value while generating the budget cost analysis. Path for Budget Labor Rate Defaults Budget Date The budget date that is used as the reference for currency transactions. By
default, the budget date as specified for the project is added to the new
budget lines. Labor Cost Rate The project-specific labor cost rate is one of the
three possible default values for the labor rate if the following is recorded: - Labor lines of the actual budget
- Hours registration
The other defaults are: Labor The labor rates defined in either the Project Labor (tppdm6111s000) session or the Standard Labor (tppdm0511m000) session. Trade Group The labor rate codes associated with trade groups as
defined in the Trade Group (tppdm0130s000) session. Trade groups are linked to standard labor rates. When a project is
started, LN copies all
existing standard labor rates to project-specific labor rates. Because of this,
the project-specific labor rates are associated with particular trade groups.
So, through the trade group, the cost rate of the project labor rate is known
as the labor cost object.
Labor Cost Transaction Date Whenever the general cost rate is changed in a project, the
transaction date of the cost rate is automatically filled with the system date,
so that it is always known when the latest cost rate change took place. In Home Currency The cost rate in home currency. Description The description or name of the code. Labor Sales Rate A general sales rate for the labor costs in a
project. Labor Sales Transaction Date Whenever the general sales rate is changed in a project,
the transaction date of the sales rate is automatically filled with the system
date, so that it is always known when the latest sales rate change took
place. In Home Currency The cost rate in home currency. Rate Unit For example, the cost rate is 25 EUR and the unit is hours,
this means the costs are 25 euros per hour. Description The description or name of the code. Planning Scheduling Active Plan The project plan used in the project. This field must be
filled if the costs are controlled by the activity budget type. Note You can view this field only if the Use Plan check box is selected in the Project Planning Parameters (tppss0100s000) session. Description The description or name of the code. Start Date This date is default for plans and of importance while
running budget cost analysis and using surcharges. The start date is used to
decide what (budget) surcharges are valid for the budget cost analysis. Lack of
a start date will result in all surcharges to be used. Note If you use an extension for a
fluctuation with invoice calculation method Actual Costs (set in the Extension (tpptc0110s000) session), it is mandatory to enter the project start
date. Finish Date The finish date of the project. Substantial Completion Date The agreed date of the first completion of the project.
This field only provides information. Project Lead Time Type The way time is viewed at in a plan. Estimated Lead Time This field enables you to record the time which is expected
to be needed for the execution of a project. The field only serves to provide
information. The required project time can be expressed in workdays or in
calendar days, depending on the setting of the Project Lead Time Type field. Final Project Lead Time This field indicates the project lead time according to the
specifications. The field is only used to provide information. The required
project time can be expressed in workdays or in calendar days, depending on the
setting of the Project Lead Time Type field. Phase You can link a phase to a project in every status. A phase
can be used to differentiate the project. Example You can link the Phase code 001 with
description Delete Data to a range of projects. To delete the right projects,
you just select the phase code 001. Description The description or name of the code. Requirements Planning Commit Inventory On Specify the phase when the inventory in the warehouse must
be committed to the project, based on the availability. Allowed values: Insert You can reserve the real inventory, that is, commit
the inventory in the warehouse when you insert a planned warehouse order in the Requirements Planning module Approve The inventory is committed when you confirm the
planned warehouse order. - Never
Note An inventory reservation in Project is an inventory
commitment in Warehousing. However, this value can only be modified if no inventory
is reserved for the project. Priority Supply Warehouse A general warehouse that receives the deliveries for more
than one project. The goods are sent from the priority supply warehouse to the
project or the project warehouse. Description The description or name of the code. Default Project Warehouse A project warehouse is used to store the delivered goods coming from the priority
supply warehouse. Enter a warehouse in this field if you want to use one
warehouse for the project. All inventory will be sent to that warehouse. You
can also leave this field empty and link the warehouse on a lower level to an
element or activity to improve inventory control. Planning Group The code that identifies the planning group, defined in the Planning Groups (tcpeg0101m000) session. Note If the project pegging functionality is implemented, a
value must be entered in this field for the projects with the status Active. Description The description or name of the code. Shipping Route The route linked to the project. Description The description or name of the code. Description The description or name of the code. Control Physical Progress Material Phys. Progress The level at which you can record the progress for this
cost type. Labor Phys. Progress The level at which you can record the progress for this
cost type. Equipment Phys. Progress The level at which you can record the progress for this
cost type. Subcontracting Phys. Progress The level at which you can record the progress for this
cost type. Sundry Cost Phys. Progress The level at which you can record the progress for this
cost type. Logging Control Data Generation Date The last date the Generate Control Data (tpptc1230m000) was run for this project. Control Data Generated By The logon code of the user who last ran the Generate Control Data (tpptc1230m000) session for this project. Description The description or name of the code. Last History Posting Date The latest date on which actual cost transactions were
posted to the history. This date is automatically saved by LN during execution of
the Post Transactions (tpppc4202m000) session. This field is only used to
provide information. Login Last History Posting This field shows the logon code of the user who last posted
actual cost transactions for this project to the history. The value of this
field is automatically updated during execution of the session. Description The description or name of the code. Last Build Actual Cost Control Date Date of last generated control data. Login Last Control Data Generation The logon code of the user who last ran the Build Actual Cost Control (tpppc4803m000) session for this project. This field is only
used to provide information. Description The description or name of the code. Path for Hours Labor Rate Project Creation User The user who creates the project. The default value is the
login name of the user. The value can be changed. Description The description or name of the code. Project Creation Date The date the project is created. Project Origin Indicates how the project was created: - Copied from Project
- Copied from Template
- Copied from Estimate
- Inserted by External Package
- Manually Entered
Source If applicable, the source from which this project was
copied. Description The description or name of the code. Estimating Estimating Rejected A project can be rejected after being estimated. This field
indicates whether the estimated project can continue with its life cycle of
estimating, budgeting and invoicing. Reason Use this field, for example, in situations where a
particular estimate is either rejected or the project is delayed. The reason
code is mandatory if the estimate is rejected. Description The description or name of the code. Resulted in Project This field is filled only if different series are used for
projects and estimates. The target project is displayed, after the copy
process. Description The description or name of the code. Originated from Estimate This field is filled only if different series are used for
projects and estimates. The estimate project used as the source is
displayed. Last Launched by The logon code of the person who has launched the estimate
to a project. The logon will be registered from the last launch. Description The description or name of the code. Date of Launch The latest date that the launch process is run. Interim Results Revenue Recognition Calculation Method The method to calculate the percentage of the work
completed. Note This field is enabled only if the Revenue Recognition Method field is set to Percentage of Completion. Default value is Cost to Cost. You can modify this value only if the project status is Free or Active. To calculate the revenue to be recognized based on the Percentage of Completion method: - In the Project Progress Parameters (tpppc0100s000) session, Leading Forecast Method field must be set to Estimate to Complete or Estimate at Completion.
- You must run the Build Actual Cost Control (tpppc4803m000) session to retrieve the latest aggregated cost
for the project, based on which the percentage of completion is calculated.
Percentage of Completion The percentage of completion of the project. You must
multiply this percentage with the contract amount to calculate the revenue to
be recognized. Note You can manually enter the percentage of
completion or click Calculate to get the calculated value. LN calculates the
percentage using the following formula: percentage of completion = costs (incurred) / estimate at completion cost or percentage of completion = number of actual hours spent on the project / the total hours forecasted for the completion of the project. Earned Revenue Factor Specify the earned revenue factor. You must multiply this
factor with the cost to calculate the revenue to be recognized. Note You can manually enter the earned
revenue factor or click Calculate ERF to get the calculated value. LN calculates the
factor using the following formula: ERF = project contract amount / total budgeted costs To calculate ERF, the project status
must be Active, because the total budgeted cost is known only for
active projects. Revenue Recognition Threshold The minimum percentage completion expected before revenue
is recognized. Note Only if the percentage completion is
greater than or equal to this field, revenue is recognized when interim results
are generated using the Generate Interim Results (tpppc3250m000) session. However, if the Profit Percentage is negative, revenue will be
recognized irrespective of minimum percentage completion being met or not. Revenue Recognition Limit The limit on the revenue to be recognized. Specify a
maximum percentage. Note The value can be changed. The revenue
recognition limit is valid for all RR methods except the Completed Project method. The percentage times the contract amount gives the
maximum revenue that can be recognized (until the completion of the project).
This percentage is ignored when the project is complete and the final revenue
(and COGS) is posted. Cost of Goods Sold Percentage of Completion The percentage of completion of the project. You must
multiply this percentage with the estimate at completion (EAC) to calculate the cost to be recognized. Note - Calculation Method for Percentage of Completion
- Infor LN defaults this value with the Percentage of Completion calculated for the project when Method is set to Percentage of Completion.
- You cannot use this value to calculate the cost to be
recognized if the Method field is set to Profit Percentage.
Profit Percentage Specify the profit percentage. The COGS is calculated on
the basis of this percentage and the revenue recognized. Note You can manually enter the percentage or
click Calculate to generate the calculated value. When the COGS is determined at project
level, LN allows you to
select the base to calculate the profit percentage. You can either select Budget or select Estimate at Completion as the base to calculate the profit
percentage. If the profit percentage is calculated based on the
Estimate at Completion (EAC), the application calculates the
percentage: profit percentage = (Contract Amount - EAC) / contract amount or If the profit percentage is calculated based on the
budget, LN calculates
the percentage: profit percentage = (Contract Amount - budget) / contract amount Alternate Interim Results Scenario Description The description of the primary results. Scenario Description The description of the alternate results. Miscellaneous Classification Acquiring Method For statistical reasons you can enter the method you used
to acquire this project. Description The description or name of the code. Financing Method The code that identifies the financing method used for this
project. Description The description or name of the code. Business Sector The code that identifies a business sector. Description The description or name of the code. Description The description or name of the code. Category A user-definable classification for projects. Description The description or name of the code. Group A user-defined classification of projects. Description The description or name of the code. Picture Picture If required, you can add an image. Text Text Use this field to enter a text related to the
project. Miscellaneous Sundry Cost Code for Provisional Amounts Costs relating to an extension of the Provisional Amount type are posted to a sundry cost
object. This field identifies the code of the
sundry cost object (standard or project-specific) used for this project. This field takes its default value from
the Sundry Cost Code for Provisional Amounts field in the Projects (tppdm6100m000) session. Description The description or name of the code. Default Activity The activity is used as default in processes in which an
amount must be posted to an activity and the activity is not
specified. This occurs in the following cases: - If installments are generated automatically through the Create Progress Invoice Installments (tppin1210m000) session.
- If provisional amount settlements are generated through
the Generate Provisional Amount Transactions (tpppc3210m000) session.
- If invoices are generated for extensions.
- If unit rate invoices are generated.
Note The activity code is defaulted from the following
sessions: - Projects (tppdm6100m000)
- Create Progress Invoice Installments (tppin1210m000)
- Generate Provisional Amount Transactions (tpppc3210m000)
The activity must be of the type Control Account or Work Package. Description The description or name of the code. Use Surcharges The surcharges used to calculate the indirect
costs for the project. If surcharges are used, you can select if the surcharges
must be applied for the budgeted costs, actual costs, or for both the budgeted
and actual costs. Sufferance Tax The code that identifies the sufferance tax that
applies to this project. Description The description or name of the code. WIP Sales Value Surcharge The surcharge percentage calculated on the total costs of
the project to determine the financial value of the work in process (WIP). This
surcharge percentage is used only if the Sales Value Surcharge Costs in WIP check box in the Project Progress Parameters (tpppc0100s000) session is selected. | |