At Course Completion
After completing this course, students will be able to:
- Create the activity structure.
- Enter the information needed to plan and schedule the various tasks involved in the execution of a project.
- Save the structure as a template and know how activities within the WBS can be modified or deleted.
- Create an activity hierarchy from a project.
- Copy an activity from a WBS template and from an existing project.
- Set up rate cards for projects.
- Create and send project quotations.
- Furnish quotations for repetitive services.
- Convert quotes for projects when work is received from customers.
- Define a work breakdown structure for a quotation.
- Copy activities to the quotation from a work breakdown structure template and know how to generate quotation lines based on these activities.
- Review the quote before it is sent to the customer.
- Submit a quotation for approval.
- Confirm the quote after the confirmation is received from the customer.
- Transfer the quotation lines to a new or an existing project.
- Create budgets automatically, transfer the work breakdown structure, and know how to perform scheduling and resource assignment from the quote to the project.
- Schedule resources for various project activities.
- Perform scheduling by matching project activities with similar resource requirements as the competencies of the workers.
- Define competencies such as education, skills, certifications and other competencies for employees.
- Set up parameters, such as a skill set match threshold and availability match threshold.
- Define the requirements for performing activities on the work breakdown structure of the project.
- Schedule resources based on the availability of resources.
- Assign resources to project activities based on the project demand.
- Calculate a skill match percentage and availability percentage when matching resources to project activities.
- View the various inquiry forms and reports and analyze the usage of resources.
- Create project contracts and associate the billing rules.
- Bill the customer based on the completion of specific milestones in the project.
- Invoice the project based on the percentage of work completed.
- Initiate the invoicing process.
- Create an invoice proposal.
- Reformat the invoice based on the customer’s demand.
- Submit and post the invoice.
- Define and request a customer advance.
- Post an invoice for the customer advance.
- Reconcile the actual amount with the customer advance payments.
- Assign customer payment retention terms to the different levels of projects.
- Create and invoice transactions with customer payment retention terms attached.
- Review the amount retained by the customer, and then release the retailed amount.
- Make inquiries about customer payment retentions, and know how to generate the Customer payment retention report.
- Process payment retentions.
- Create and invoice purchase orders by attaching the payment retention term, and know how to review accounting transactions.
- Post an invoice to release the retained vendor payment.
- Make inquiries on vendor payment retentions that are based on purchase orders and invoices.
- Print the Vendor payment retention report in two views.
- Set up the PWP clause.
- Create and invoice purchase orders by attaching the PWP term.
- Create corresponding customer invoices.
- Review the payment status of vendor invoices with regard to the related customer invoice.
- Receive customer payments.
- Release vendor payments in accordance with the PWP threshold criteria.
- Inquire on outstanding payments based on vendor invoices subject to the PWP clause.
- Print the Pay when paid report in two layouts.
- Set up a project category as an indirect cost category.
- Set up indirect cost components.
- Set up an indirect component group.
- Specify a project category as an indirect cost category.
- Create the compounding rules and assign the indirect cost component category to projects, project contracts, a resource and billing rules.
- Post and process different transactions with indirect cost components attached and know how to review the indirect costs calculated and posted for the transactions.
|
