Approve Project
Explanation
When a project is in Initialized status, it can be changed
to Approved via the Status command button.
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.
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.
The status of the financial project is set to Active.
- If the financial project is already created, the previously entered
Project Group and Project Valid From date
can be changed. The status of the financial project is changed from
Planned to Active.