Understanding the approvals and actuals process
The time- or expense-approval process begins with submitted entries, as outlined in Chapter 9, Team Member Activities. The approval process is generally performed by the project manager of a project. However, for the purposes of the Project Operations app, it should be noted that whoever the project manager is designated as on the Summary tab of a project is the person who will be responsible for approvals.
Approvals are important since they are the validation of quality data going into the Project Operations system. With this quality step, a project manager is able to validate the project and task information as well as the quality of customer-facing information. This results in better accounting and billing data.
The approval process is important for the validation of the quality of data, which becomes the quality of financial transactions. The quality of this data will literally result in either better cash flow—due to...
