Incurred vs Forecast Revenue Rule Recognition and Resource Scheduling

If your organization uses the Incurred vs Forecast Revenue Rule for recognition it is important to stay on top of Resource Scheduling or Bookings.

The Rule uses this formula to recognize:

As the project progresses, if booked hours in the past are less than approved, but no one updates the future hours to reflect that they will be used later, then the system will take this as a signal that the project will be coming under budget and recognizes a high amount.

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