Set up and use features for resource/non-stocked based scenarios in Dynamics 365 Project Operations

Microsoft Dynamics 365 Project Operations empowers business users to adapt to rapidly changing business environments. It provides businesses with everything they need to manage the life cycle of a project from project sales to invoicing and accounting for projects. It provides valuable analytics and insights on resource use, availability, gross margins, and tracking progress and spend on projects.

Subcontracting is the ability to use other organizations' materials, workers, or services for your own company's project. In this module, you'll learn about the process for subcontracting that most organizations use and how to set up this functionality within Dynamics 365 Project Operations.

You can use Project Operations to manage estimation and sales processes, including creating, updating, or deleting a quote customer record to identify components of work. This module covers unique concepts of project-based quotes, differences between Project Operations quotes and Dynamics 365 Sales quotes, and how project quotes are closed as Win or Lose. Additionally, all information that's necessary for effective project management is included.

Learn how to set up cost and sales prices for time, expense, and materials. This step is important in managing a project because you need to make sure that the correct cost of time, expense, and materials is being charged correctly.

In Dynamics 365 Project Operations, you can customize configurable pricing dimensions to best suit your organization's needs. This tool is useful because the pricing dimensions that you set up affect how your organization determines price/cost for each resource.

In this module, you’ll learn about scheduling modes and the restrictions that the external scheduling mode gets rid of. Additionally, you’ll learn how to change the scheduling modes. You’ll also learn how to access Microsoft Project for the web and how to edit and create work breakdown structures.

The header and line details of subcontracts include fields, such as Name, Description, and Vendor, to provide customers with all relevant information about the subcontract, which helps ensure accuracy and matching with invoices.

Time entries are essential in allowing organizations to keep track of the work that their resources are doing. Dynamics 365 Project Operations allows organizations to set up pricing and cost for each resource and to customize time entry to better fit their needs. This module describes how to create, edit, import, and recall time entries, and it explores the various customizations that you can apply.

Project managers play an important role in a project because they're the ones who review and approve the project team's work. Everything that a project team records is always reviewed and approved by a project manager. An important task for project managers is to ensure that material usage is tracked correctly so that the customer is invoiced correctly for material that's used on the project.

Learn about vendor invoicing for resource/non-stocked based scenarios and how to create, confirm, and verify an invoice. Learning about this process helps you know about what you owe so that you can manage subcontracts and pay vendors the correct amount. Additionally, you learn about the validation criteria used to link cost actuals to vendor invoice lines and that cause cost actuals to be unmatched from a vendor invoice line.

Intercompany pricing and invoicing are useful tools for organizations that might have one or more companies or entities, especially if these companies or entities are in various parts of the world with different monetary units. In this module, you learn about the various aspects of intercompany pricing and invoicing and how to set up these capabilities for your organization.

Knowing the revenue recognition process helps you be aware of how much a project costs. Different methods are available for creating an estimate and determining the cost of a project. Occasionally, when there are mistakes, you can return and recall estimates to fix the issues. All businesses need to know the process of revenue recognition to manage their costs and growth.