Purpose: The purpose of this exercise is to familiarize you with the data that must be in place before you can do the exercises below.
Create a project.
Create a currency rate type and add currency rates to be used for multicurrency budgeting.
Initiate budget in multi currency for your project.
Exercise for: Setting Up Multi Currency Budgeting
Purpose: The purpose of this exercise is to familiarize you with the data
that must be in place before you can perform the exercises below.
Create a project in Company 10 and create activities in your subproject structure.
General exercise for
Building a Project Plan
Purpose: The purpose of this exercise is to show you how to approve the project created above
Approve the project you created in the above exercise.
General exercise for Approving and Starting Projects
Purpose: The purpose of this exercise is to familiarize you with the data that must be in place before you can perform the main exercise below.
General exercise for Executing Activities
Purpose: The purpose of this exercise is to set up the basic data required for running this particular functionality.
Windows:
Project Basic
General exercise for Enter Budget/Forecast Type
Purpose: The purpose of these exercises is to create a project forecast for a project that has been set up to Budget in Multicurrency.
Windows:
Project
Project Forecast Info
Note: In the Cost tab of the forecast observe that you have additional amount fields to display multicurrency amounts.
Cost Element | Currency | ETC Transaction Curr | ETC Base Currency BF Rate |
LABOR | GBP | 100 |
Note the ETC Base Currency BF Rate will be calculated automatically to USD 150 (if you have used the exact currency rates as provided in the basic data exercise)
Note: When budgeting in multicurrency, it is mandatory to enter a value (currency code) in Currency field on a forecast line in addition to the Cost Element.