James and Linda Discuss the Account Assignment of Documents During the Realization Phase
After all planning and budgeting activities have been finished, the project has now been released and project work started. James, project planner at Hybrid Machinery, discusses with Linda, who works as a project controller, how the account assignment of documents works during the realization phase, and how actual costs are posted to the project structure.
Note
This is their conversation:Account Assignment of Documents in the Project Realization Phase
Many business transactions that establish a connection to WBS elements or activities through document assignment. After assigning the appropriate documents, the costs concerned are posted to a WBS element, network, activity, or activity element.
During the project planning phase, you can plan costs for material, activity allocation, services, and overheads with Easy Cost Planning. During the execution phase, actual costs, commitments, and revenues arising from purchase requisitions, purchase orders, goods receipts, activity allocations, or invoices for WBS elements are posted with respect to primary cost planning, activity input planning, or revenue planning data for the WBS.
