Plan and prepare for Dynamics 365 Project Operations in 2023 release wave 2
Important
This content is archived and is not being updated. For the latest documentation, go to Project Operations updates. For the latest release plans, go to Dynamics 365, Power Platform, and Cloud for Industry release plans.
Important
The 2023 release wave 2 plan covers all new functionalities planned to be delivered to market from October 2023 to March 2024. In this article, you'll find the product overview and what's new and planned for Dynamics 365 Project Operations.
Overview
In one application, Dynamics 365 Project Operations connects your sales, resourcing, project management, and finance teams so they can win more deals, accelerate delivery, empower employees, and maximize profitability. The application provides the necessary visibility, collaboration, and agility across the project lifecycle to drive success for project-centric businesses. Powered by Microsoft Power Platform, customers are provided with an unmatched set of capabilities that enable everyone to analyze, act, and automate across their organization to transform their services business from the ground up. It's everything you need to run your project operations, from deal management to financials, all in one application.
For 2023 release wave 2, we're delivering functionally rich experiences in the following areas:
- Increase WBS task limits to 1,000.
- Improvements in pricing for labor using cost-plus and contribution-margin-based models.
- Copy quote, contract, and opportunities across legal entities.
- Improvements to project budgeting to support revenue forecasting and summarization options when importing from estimates.
- Progress-based billing projects.
- Subcontracting to Purchase Order integration that will light up vendor retention and Pay-when-paid functionality.
- Support for prospects on quotes.
- Support for intercompany vendor invoice.
- Integration of Print management for billing schedules using Post invoice automatically.
- Improvements in usability and performance in specific areas across Project Operations.
- Investments in generative AI to help with core operational workflows like time and expense entry creation and submission.
Updates to Dynamics 365 Project Operations 2023 release wave 2
Investment areas
Copilot in Project Operations
With every new release wave, AI and automation investments through Copilot empower consultants, sales personnel, project and resource managers, as well as project accountants in Dynamics 365 Project Operations, providing them with intelligent, natural-language interactions. These enhancements extend beyond business applications to productivity tools like Microsoft Teams, Microsoft Outlook, and Microsoft Excel, meeting employees where they are most productive. Copilot features in Project Operations streamline and expedite workflows from the frontline to the back office, optimizing operational efficiency for service delivery organizations.
Optimize project operations
Project Operations continues to invest in capabilities to improve usability, performance, and scale across critical areas of the product like project sales, planning, resourcing, budgeting and tracking, invoicing, and core transaction processing flows. The core processes in outsourcing and purchasing will get the spotlight with enhancements to service procurement scenarios with integration to purchase order, support for vendor retention, pay-when-paid, intercompany vendor invoices, and 3-way vendor invoice match functionality. Project contracting and pricing models will see new scenarios enabled with units, progress and subscription billing and contracting models, cost-plus and contribution-based pricing models. Intelligent resource recommendations will make project staffing easier by providing resource suggestions using experience and a multidimensional prioritization of criteria.
To learn more about the entire set of capabilities being delivered during this release wave, check out the release plan for Dynamics 365 Project Operations below:
For application administrators
User-impacting features to the user experience enabled automatically
User-impacting features should be reviewed by application administrators. This facilitates release change management and enables successful onboarding of new capabilities released to market. For the complete list, look for all features tagged "Users, automatically" in the release plan.
Features that must be enabled by application administrators
This release wave contains features that must be enabled or configured by administrators, makers, or business analysts to be available for their users. For the complete list, look for all features tagged "Users by admins, makers, or analysts" in the release plan.
Get the most out of Project Operations
| Helpful links | Description |
|---|---|
| Release plan | View all capabilities included in the release. |
| Licensing | Improve your understanding of how to license Project Operations. |
| Product documentation | Find documentation for Project Operations. |
| User community | Engage with Project Operations experts and peers in the community. |
| Upcoming events | Find and register for in-person and online events. |
| Product trials | Get started with Project Operations. |