Understanding Requirement Sizing and Its Role in Capacity Planning In project management, software development, and system implementation, requirement sizing plays a pivotal role in determining the resources, effort, and timelines needed to successfully deliver the project objectives. This process involves breaking down project requirements into manageable components, estimating the necessary resources, and integrating these insights… Continue reading Requirement Sizing
Category: Project Management
Identifying a Vendor as a Project Resource
When you mark a vendor as a project resource in NetSuite, you enable them to be assigned to projects and tasks. This feature is particularly useful for subcontracted work. Here’s where you can select a vendor marked as a project resource: Project Records: On the Resource tab, you can choose the vendor from the Name dropdown. Project… Continue reading Identifying a Vendor as a Project Resource
Is it possible to associate employees from multiple subsidiaries as resources to a project from another subsidiary?
In NetSuite OneWorld, you can indeed associate employees from multiple subsidiaries as resources to a project from another subsidiary. Assigning Subsidiaries to Employees: By default, when you specify a subsidiary on an employee record, that employee can access only records associated with that subsidiary. However, you can grant an employee access to data for additional… Continue reading Is it possible to associate employees from multiple subsidiaries as resources to a project from another subsidiary?
Product based and Service based Companies
Being a product-based company can offer several advantages over being service-based. Here are some key benefits: Innovation and Development: Product-based companies are often driven by innovation, focusing on developing new products or improving existing ones. This can lead to the creation of groundbreaking technologies and solutions that have a tangible impact on users’ lives. Scalability: Products… Continue reading Product based and Service based Companies
Understanding Project Billing Types
Project Billing Types In NetSuite, project billing types refer to the methods used to invoice customers for project-based work. These billing types are crucial for managing cash flow and profitability, especially for businesses that engage in long-term projects with specific outcomes and deliverables. Types Time-and-Materials Billing: Under this billing type, customers are billed for the… Continue reading Understanding Project Billing Types
Is it Possible to associate multiple subsidiaries to a single Project in NetSuite?
NetSuite’s standard functionality restricts a project to be associated with only single subsidiary, single currency and single customer. However, there are some workarounds that can be implemented to meet the client’s requirement of billing a project under different subsidiaries over different periods. Here are the potential solutions: Create two separate projects for the two subsidiaries… Continue reading Is it Possible to associate multiple subsidiaries to a single Project in NetSuite?
Is it possible to associate employees from multiple subsidiaries as resources to a project from another subsidiary?
In NetSuite, it is possible to associate employees from multiple subsidiaries as resources to a project from another subsidiary. This can be done by leveraging NetSuite Oneworld’s capabilities for handling multi-subsidiary operations. Here’s how this works: Employee Record Assignment: Typically, an employee is associated with a single subsidiary on their employee record. However, if an… Continue reading Is it possible to associate employees from multiple subsidiaries as resources to a project from another subsidiary?
Understanding Charge Based Billing and Generation of Charges
Charge Based Billing Charge-based billing provides a flexible, rules-based approach to track project activities and automatically generate charges that can be included on invoices. Companies create charge rules specific to each project or contract. These rules define how charges are calculated based on various factors such as milestone completion, project progress, time, expenses, or fixed amounts. Common Challenges… Continue reading Understanding Charge Based Billing and Generation of Charges
Earned Value Management in Project Management
In the realm of project management, keeping tabs on project progress, costs, and schedules is crucial for success. This is where Earned Value Management (EVM) comes into play. EVM is a systematic approach that integrates scope, schedule, and cost to provide a clear picture of a project’s performance. Let’s delve into the key components and… Continue reading Earned Value Management in Project Management
BRD – Business Requirement Document
A BRD offers an overview of what a business does and why it needs the project deliverable to be undertaken. It outlines the business solutions for project requirements necessary for the project to deliver value and become the foundation of its life cycle. The business requirements document highlights what the result of the project should… Continue reading BRD – Business Requirement Document