Microsoft Dynamics 365 Project Operations solution is perfect

The project management and accounting functionality can be used in multiple industries to provide a service, produce a product, or achieve a result.

A project is a group of activities that is designed to provide a service, produce a product, or achieve a result. Projects consume resources and generate financial results in the form of revenues or assets.

Projects across industries

The project management and accounting functionality can be used in multiple industries, as shown in the following illustration.

Initiate the project

During project initiation, several key processes occur. You can use a project quotation to communicate the estimated labor, expenses, and materials to the customer. You can record the billing terms, limits, and agreements in a project contract. You can use a work breakdown structure (WBS) to plan and estimate the work. You can set up forecasts and budgets to guide the project execution. The following illustration shows the structure of a project.

Create project quotations

Create project contracts

Create work breakdown structures

Create project forecasts and budgets

Create projects

Assign workers, categories, and resources

Execute the project

Manage work breakdown structures

Manage project forecasts and budgets

Create production orders

Procure products and services

Purchase orders for projects

Sales orders for projects

Process project invoices

Calculate the cost to complete a project

Analyze the project

Analyze cash flow

Cash inflow forecasting

Review costs

Viewing the remaining budgeted amounts

Analyze utilization

Review project statements