Microsoft Dynamics 365 Project Operations Overview

Microsoft Dynamics 365 Project Operations Overview

 Project Estimation and Sales

Dynamics 365 Project Operations allows you to estimate projects at a high or detailed level. Use the standardized template to generate detailed project estimates, project schedules and a monetary estimate for the quote based on standard labour and billing rates or customized resource-based costing and pricing. Create fixed-price, time-and-materials, or retainer-type project contracts that fit your client's cash flow needs with project billing methods. Pricing is determined by geography, location, and other considerations.

 Dynamics 365 Project Operations offers seamless coordination between sales and delivery teams, assisting in the refinement of client quotations and the proper scoping of work. Transfer project estimates directly to the relevant quote lines, saving time and avoiding errors or duplicate entries that may come from manual entries. Use the tracking grid to follow progress once a bid has been approved and the project has been initiated.

Project Resourcing and Utilization Management

Match Project Delivery needs with the right resources with the Project Scheduler colour coded to show soft bookings, hard bookings and over-bookings. With the Microsoft Dynamics Universal Resource Scheduler, you can streamline project schedules by using skill-based matching for assignments and instant visibility into project team member availability. Track previous resource and team member use and estimate future utilization based on booking and anticipated workload.

Project Time Entry and Expense Management

Entry of project timesheets and expenses using a web interface or mobile application. Create spending lines automatically from provided receipt images. Approvals for time and expenses are enabled by automated procedures via a web browser interface or a mobile application. Time and expenditure policy guidelines can be configured to assure compliance.

Several pre-configured policy settings are available right out of the box that aims to keep you compliant with common legal and regional requirements. Create policies to address specific company requirements. Such as a travel expenditure policy that automatically encourages workers to include an explanation letter. Date ranges give the option to put an expiration date on the policy. Dynamics 365 Project Operations also reduces costs for workers who submit them. Company credit card transactions can be imported manually or set up to be imported automatically on a recurring schedule, making it easier to submit each item to the right project's expense report.

It is simple to itemize or divide costs on the same report. Upload receipts quickly, with or without a credit card transaction. Link the itemized expenses to their respective lines in the report, respond to any triggered policy prompts, and submit the expense report for manager approval, all in just a few easy clicks. Managers can review the expense reports, and once they approve them, Dynamics 365 Project Operations logs the workflow in detail to help with future audits. Empower your teams to do their best while keeping projects on budget and time.

Project Management

Project management in Microsoft Dynamics 365 includes Gantt charts, work breakdown structures, task management, and project dashboards to assure project success. Microsoft Dynamics 365 Project Operations supports both Waterfall and Agile approaches to satisfy the demands of all your projects. Create thorough project plans from scratch or pre-built templates, complete with work breakdown structures, budget estimations, time and expense predictions, and needed resources.

Empower your project managers with visual project planning and delivery tools through the embedded project for the web capabilities. Grid, board, and timeline views can visualise adaptable project plans. Easy-to-use desktop controls like drag and drop, cut and paste, and multi-select simplify processes and improve productivity. To view extra information, quickly add tasks, columns, and fields.

Use the Project Billing dashboard to easily manage billing backlogs for all projects and make faster invoicing decisions. View time and material milestones or fixed-price milestones. And drill down through rich interactive charts to quickly analyse key metrics in real-time. Mark billable transactions as ready to invoice precisely where you are. Invoice creation can be done manually or automated according to a pre-determined schedule, complete with certain line items, and auto-populated based on the contract.

Read more at: https://raybiztech.com/blog/microsoft-dynamics-365/microsoft-dynamics-365-project-operations-overview

Read more at: https://raybiztech.com/blog/microsoft-dynamics-365/microsoft-dynamics-365-project-operations-overview