Dear All,
Here we are treating a particular project type as Customer Project and we have WBS elements only (no network activities). These are the projects which are anticipated to include external revenue. For a majority of these projects revenue will be recognized when the customer is invoiced. Customer is invoiced on a monthly basis for cost incurred on the project.
Also there are projects under % of completion method for revenue recognition to be used for fixed price projects. We need to track the actual cost against each WBS, actual amount billed and revenue recognized for the project. The requirement is to recognize revenue based on % of completion and post difference in the amount invoiced and revenue recognized to balance sheet.
To my understanding this can be mapped with Result Analysis cost based POC method. But here SD is not in scope. Keeping that in mind can we map the above requirement?