CLOSING A PROJECT

-----Original Message-----
Subject: CLOSING A PROJECT

Hello,

I tried to close a project # 2600000089. I am getting an error message " There is still WIP for WBS 2600000089 ".

The long text suggests that " Calculate the WIP for WBS 2600000089 so that it can be cleared. Then settle WBS 2600000089, including the cleared WIP in the settlement ".

I am not clear with this information. What should I do for this ??

We went from 3.1H to 3.1I about 20 days back. In 3.1H I have never come across like this..

Thank you ..

-----Reply Message-----
Subject: RE: CLOSING A PROJECT

Typically this occurs for one of two reasons:
- You have costs on the WBS that need to be settled to a cost center or other WBS
- You have RA that still needs to be run and settled
This can get comlicated if you are not doing full settlement as you will have to open up the past periods to fix it.

-----Reply Message-----
Subject: RE: CLOSING A PROJECT

Hi,

You cannot close the project if you have a WIP value in it. It's because:

1. No invoice has been generated for that project. (fully invoiced status hasn't been reached). If you generate the invoice, the WIP value will be transferred to cost of sales.

2. Invoice has been generated but the WIP value is not yet settled fully due to some provision as provided by the difference between your plan values and actual values. Have both values equal and run the RA and settlement again. Once WIP is zero, then change the status to CLOSED.

-----End of Message-----


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