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 Started status.
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 be able 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 pre-posting 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.