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Enterprise Portfolio and Project Management : Provision Posting

weiwei_chong
Explorer
0 Kudos

Hi,

There is plan cost/revenue can be uploaded to project. 
Example:

Planned Revenue :  $ 150,000    ;   Planned Cost : $ 100,000

The project started with POC. However, when the project started half way, total cost was overspent. The expected cost will increase to $150,000. Project Manager plan to update the expected cost to $200,000

What is the best practice to handle this scenario? How to post provision of lost amount?

 

thank you.

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