Hi,
what is the purpose by using “partial project completion”?
For example , see below in green”, project completion at 70%.
The partial completion needs too a posting control “GP18”, what is the point too?
Thanks a lot
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What is purpose of partial project completion
+9Best answer by Thomas Peterson
Hi,
Partial project completion may be use for many different reasons.
For example assume a project is used to create N fixed assets and these assets are placed in service periodically during the project.
Another example could be that the client wants to recognize a portion of the revenue / cost leaving the project open for other activities.
Another example could be that a project is mostly completed, but it remains open for additional work such as final inspections, and warranty work.
Partial completion can be done for many reason, the above are just a few that come up frequently.
Best regards,
Thomas
This topic has been closed for comments
Hi,
Partial project completion may be use for many different reasons.
For example assume a project is used to create N fixed assets and these assets are placed in service periodically during the project.
Another example could be that the client wants to recognize a portion of the revenue / cost leaving the project open for other activities.
Another example could be that a project is mostly completed, but it remains open for additional work such as final inspections, and warranty work.
Partial completion can be done for many reason, the above are just a few that come up frequently.
Best regards,
Thomas
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