What are the implications of using multiple Budget Operating Plans (BOPs) for a single Project versus having multiple Project and Task combinations with one BOP per combination?
Setting up multiple BOPs for the same project will reduce the number of Project-Task combinations and result in less Project-Task maintenance. Tasks are used to help organize the system actions that can reference a specific Project. Multiple Tasks can be specified for a Project using the Task Popup on the Project Maintenance Screen (CMN004). The following system actions can be specified using the Task Popup: Budget Execution (Apportionments, Allotments), Purchase Orders, Accounts Payable (Invoices), Purchase Requisitions (not used by NIST), Accounts Receivable (Customer Billing), General Journals, and Labor Transactions.
Related Questions
- What are the implications of using multiple Budget Operating Plans (BOPs) for a single Project versus having multiple Project and Task combinations with one BOP per combination?
- What is the timeline for a project to submit their first operating budget?
- How frequently can Budget Operating Plans (BOPs) be modified?