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Projects - EBS (MOSC)

Project billing Revenue methods:

Sep 27, 2011 4:57AM edited Oct 16, 2011 6:00PM in Projects - EBS (MOSC) 4 commentsAnswered

Please explain following methods with suitable business example i.e when we will use these methods in real practice.

Project Revenue methods:

a) Cost/Cost - Accrues revenue and bills using the ratio of actual cost to budgeted cost (percent complete)

b) Cost/Event - Accrues revenue using the ratio of actual cost to budgeted cost (percent complete) and bills based on events

c) Cost/Work - Accrues revenue using the ratio of actual cost to budgeted cost (percent complete) and bills as work occurs

d) Event/Event - Accrues revenue and bills based on events

e) Event/Work - Accrues revenue based on events and bills as work occurs

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