Tracking in MS PROJECT SERVER 2010–Defining Fiscal Periods

 

Hi,

Every Project has to be tracked. In Microsoft Project Server 2010 you can choose between two approaches:

  • Effort-based: You are collecting time spending on Tasks, or during some period of time
  • Duration-based: You are collecting percent of complete

Since MS Project Server 2010 can be connected with ERP like Microsoft Dynamics NAV,  you can define Fiscal periods. You can use Fiscal Periods for calculate some financial statements, or for any other purpose.  To be honest, I am not using this feature

To define Fiscal Periods Log on as an Administrator and then:

image

and then:

image

You should choose a Fiscal year first! When you hit the Define button, you will get:

image

  • Define Fiscal Period Start Date: Put the start date of your fiscal year (1/1/2012, or 7/1/2012)
  • Set Fiscal Year Creation Model:
    • 4,5,4 Method: Fiscal quarter starts with 4-week fiscal period, then 5-week fiscal period, than 5-week fiscal period
    • 4,5,4 Method: Fiscal quarter starts with 4-week fiscal period, then 3-week fiscal period, than 5-week fiscal period
    • 5,4,4 Method: Fiscal quarter starts with 5-week fiscal period, then 4-week fiscal period, than 4-week fiscal period
    • 13 Months  Method: Each fiscal period has a four weeks, and since there are 52 weeks in a year, 52/4 = 13
    • Standard calendar year: Each period is set according standard calendar!
    • Prefix: Name Prefix for each period
    • Next Sequence Number: This is an increment!
    • Suffix: Name Suffix for each period

When I hit Create and Save button, I will get:

image

I have 12 Fiscal Periods, one for each month!

In my next Post I will write about Time Reporting Periods!

Regards!

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About Nenad Trajkovski

Location: Zagreb, Croatia Occupation: Project Manager Interests: Project Management and MS PROJECT He was born in Zagreb, Croatia at 1963. After completing his college he started working on projects in different business areas (banking, manufacturing, automotive industry, distribution, oil companies, etc.) developing and implementing ERP systems into different companies. He has got a lot of experience working with people in different business processes and also possesses great knowledge in information technologies and financial services. Today he works as a business consultant, adn Project Manager in PERPETUUM MOBILE d.o.o. Zagreb. He is a regular lecturer for Project Management in MS Innovation Center in Varaždin, Logosoft Sarajevo in Bosnia and Herzegovina and SEAVUS GROUP in Skopje Macedonia. He was named the best lecturer of WINDAYS 2008 while his lecture was also voted as the best. In addition, he was in TOP 10 lecturers at the MS SINERGY 2009 and MS VISIA 2009, 2010. Shares first place as the best lecturer of KulenDays 2009 and 2010 and PMI Conference 2009 in Zagreb. He is also a regular lecturer in the MS Community. He is a Certified Accountant and a PMP (Project Manager Professional) and a PMI-RMP (Risk Manager Professional), MCP, MCT, and Microsoft Certified Technical Specialist - Microsoft Project 2010. From 01.01.2012 awarded with MVP (Microsoft Most Valuable Proffesional - Microsoft Project)!
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One Response to Tracking in MS PROJECT SERVER 2010–Defining Fiscal Periods

  1. Pingback: Tracking in MS PROJECT SERVER 2010–Defining Fiscal Periods ... | Microsoft Project & Scheduling Tools | Scoop.it

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