Course Description
In today's business globe, it is crucial to ensure that all project-related costs for time and materials are properly allocated to the appropriate department or other unit of your organization. The functionality of Project & Portfolio Manager 15.4 (PPM) provides the tools necessary to fully define your organizational breakdown structure (OBS) to help ensure that the allocation of project costs aligns with your specific divisions.
This course teaches how to use PPM to define your OBS and plan, allocate, and record project costs according to this defined structure. The creation of cost and rate-related matrices; the establishment, approval, and adjustment of cost plans; and the posting of financial transactions are also demonstrated. This training is based on PPM classic interface.
Prerequisites
PPM 15.4- Project and Investment Management 200 (33CLR25941)
Target Audience
Hands-On
This course includes practical hands-on exercises that enable you to test your new skills and begin to use those skills in a working environment
Learning Objectives
- Create an OBS, which is the core element to the financial framework of your organization.
- Enable the financial properties for projects, investments, resources, and companies to help ensure that all labor, material, equipment, and expense costs are captured and allocated to investments so they can be reported, analyzed, and billed, if appropriate.
- Manage the financial cost matrix to help ensure that a standard cost can be applied to all transactions in the system based on a centralized cost table.
- Post and correct postings of financial transactions to help ensure that all financial attributes relating to a transaction are present and valid in the context of the specific transaction.
- Define and adjust cost plans to help forecast the anticipated cost for the project or investment.
- Define benefit plans to help outline the value you will receive as a result of the cost expended to help justify the requested project budget.
Content Outline
- Describe financial management
- Sequence the setup of financial data
- Define the financial OBS
- Define entities
- Define locations
- Define departments
- Review financial defaults
- Define General Ledger accounts
- Define classifications and vendors
- Define system and entity defaults
- Create codes
- Create a Cost/Rate matrix
- Define financial properties of companies
- Define financial properties of resources and roles
- Define financial properties of projects and NPIOs
- Define a financial plan
- Post timesheets
- Create transaction entries
Run the Post Transactions to Financial job
- Post transactions to WIP
- Import financial actuals
- Create WIP adjustments
- Describe chargebacks
- Set up chargeback rules
- Describe Service Management
- Create service offerings
- Build service hierarchies
- Set up service subscriptions
- Process chargebacks
- View department invoices for approval
FAQs
ValueOps is a strategy for IT operations that offers a holistic set of frameworks, methodologies, and philosophies to enable I&O leaders to implement the appropriate operations processes based upon the needs of the business by leveraging Gartner's Pace-Layered Application Strategy.
Value Stream Management is a management technique or practice that focuses on increasing the flow of business value from customer request to customer delivery.
To attend the training session, you should have operational Desktops or Laptops with the required specifications, along with a good internet connection to access the labs.
We would always recommend you attend the live session to practice & clarify the doubts instantly and get more value from your investment. However, if, due to some contingency, you have to skip the class, Radiant Tech learning will help you with the recorded session of that particular day. However, those recorded sessions are not meant only for personal consumption and NOT for distribution or any commercial use.
Radiant Tech learning has a data center containing the Virtual Training environment for the purpose of participant hand-on-practice. Participants can easily access these labs over Cloud with the help of a remote desktop connection. Radiant virtual labs provide you the flexibility to learn from anywhere in the world and in any time zone.
The learners will be enthralled as we engage them in real-world and Oriented industry projects during the training program. These projects will improve your skills and knowledge, and you will gain a better experience. These real-time projects will help you a lot in your future tasks and assignments.
You can request a return if you do not wish to enroll in the course.
Yes, you can.
We use the ideal standards in Internet security. Any data retained is not communicated with third parties.
It is recommended but not mandatory. Being acquainted with the primary course material will enable students and the trainer to move at the desired pace during classes. You can access courseware for most vendors.
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Yes, students can pay from the course page.
The course completion certification will be awarded to all the professionals who have completed the training program & the project assignment given by your instructor. You can use the certificate in your future job interviews which will surely help you to achieve your dream job.
Radiant believes in a practical & creative approach to training & development, which distinguishes it from other training & development platforms. Moreover, training courses are undertaken by some experts with a range of experience in their domain.
Radiant team of experts will be available at e-mail support@radianttechlearning.com to answer your technical queries even after the training program.
Yes, Radiant will provide you with the most updated high, value-relevant real-time projects & case studies in each training program.
Technical issues are unpredictable & might occur with us as well. Participants have to ensure they have access to the required configuration with good internet speed.
Radiant Techlearning offers training programs on weekdays, weekends & combination of weekdays & weekends. We provide you with complete liberty to choose the schedule that suits your needs.
Radiant has highly intensive selection criteria for Technology Trainers & Consultants who deliver training programs. Our trainers & consultants undergo rigorous technical and behavioral interview and assessment processes before they are boarded in the company.
Our Technology experts/trainers & consultants carry deep-dive knowledge in the technical subject & are certified by the OEM.
Our training programs are practically oriented with 70% – 80% hands-on training technology tools. Our training program focuses on one-on-one interaction with each participant, the latest content in the curriculum, real-time projects, and case studies during the training program.
Our faculty will provide you with the knowledge of each course from the fundamental level in an easy way, and you are free to ask your doubts any time your respective faculty.
Our trainers have the patience and ability to explain difficult concepts in a simplistic way with depth and width of knowledge.
To ensure quality learning, we provide a support session even after the training program.