Approve Project

Explanation

When a project is in Initialized status, it can be changed to Approved via the Approve menu choice. A project is typically approved after its basic concept and budget have been approved. From this status, the project can be promoted to status Started via the corresponding menu choice.

Prerequisites

• The project must be in the Initialized status.
• Company, Manager and Customer must be registered for the project.
• Project Group must be registered in Project Groups.
• Company finance information must be registered.
• You must have access to the entire project to approve it.

System Effects

• The project is in Approved status.
• The Approved Date is set to the current date.
• Activities can be released.
• The project can be promoted to Started status.
• The project can no longer be set to Canceled status.
• A finance project is created and financial transactions can be attached to the project in IFS Project. Project preposting information is added automatically.

Window

Projects
Project

Related Window Descriptions

Projects
Project
Project Groups

Procedure

1. Select the project to be approved, then select Approve in the menu.
2. In the dialog that pops up, enter the finance project group.
3. Click OK.