Time and material projects
When managing time and material projects we can create a WBS, define the tasks for the project and create the estimates for each line. We can estimate hours, expenses, items and also fees. Planning at the project and estimating the costs becomes useful to import costs and revenues into the project budget. Of course, we can make our budget manually other import from other sources. At this point it makes sense for me, estimates are splitted into costs and revenues using the the imported transaction types we manage in the WBS estimates..
Fixed price projects
For this type of project I don't see how to control revenues using the budget functionality.
If I follow the same steps above (create the WBS estimates and import them into the budget for example) it imports hours, expenses and items for both cost and revenues.
- For revenues does it also. Does it have any sense? In FP projects we will invoice on-account transactions and they are not related.
- Why can't we make the follow up of on account transactions in the budget?
- If possible, how can we control the revenues for this type of projects and have a photo of what was budgeted in these projects?
- Why is not the same design used in the project quotations. In project quotations, if we want to make the follow up to estimates or totals we need to use fees unless we want to loss this info. Why can we use fees in project quotations and not in project budgets?
