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Project budget management in Project Operations

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Dynamics 365 Project Operations

Category

Feb 22, 2023

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Text

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AI Summary

  • The article discusses the release of project budget management for the Lite deployment in version 4.59.0.210 of Dynamics 365 Project Operations.
  • Project budget management allows project managers to track spend against a defined project budget by creating a point-in-time snapshot of the estimated spend across the project phases and tasks.
  • The feature is enabled through a feature flag in the Parameters section and comes with default settings for budget line match priority.
  • Budget line match priority determines the order in which an actual cost is matched against the dimensions of budget lines, with priority 1 being the highest priority.
  • The article provides an example of how matching works based on dimensions such as role, organizational unit, bookable resource, and project task.
  • Creating a project budget involves creating a project plan, adding a project budget, and then adding budget lines with the desired dimensions.
  • Once a project budget is submitted and approved, time entries can be submitted and approved to consume the budget.
  • The article also mentions that budget revisions are still in development and that the Power Apps grid displaying budget lines does not update in real-time.

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