We have a use case where in the financial plan the PM needs to be billed under a different budget than the rest of the project. We still want to track everything for the project in one piece of work but need a way to say the PM should be billed to a different budget number.
Anyone have this same use case and how do you do it.
Project A funded under budget number 111
and the PM for Project A billed to budget number 222
I believe,
To address this use case, we can leverage Planview’s financial planning and labor costing features to keep everything under one project while billing the PM to a different budget.
Work Financial Planning: Create a financial plan for the project with separate accounts or budget lines. Assign general project costs to Budget 111 and the PM’s costs to Budget 222. This setup lets you track costs separately while still managing a single project.
Labor Costing: Configure distinct labor rates or cost routing for the PM so their hours automatically post to Budget 222, while other project resources post to Budget 111. This is done by defining specific labor rates for roles or resources.
With this configuration, all project activities remain consolidated in one piece of work, but the billing reflects the separate budgets.
More details: Financial Planning and Labor Costing.
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