For a summary of the budget revision, review the Timeline section of the Project summary tab. Wait until you're notified that the budget revision is completed.Īfter the budget revision is completed, a new budget version is created in Draft status, and the grid shows the budget lines that were successfully revised. The time that's required depends on the number of budget lines that are involved. A message bar on the project page indicates that the budget revision is in progress. If you choose not to use forecasted amounts and quantities, the forecasts won't be considered during the revision process.You'll have an opportunity to edit them further, as required. If you choose to use forecasted amounts and quantities, they'll serve as the basis for creating the revised budget amount and quantity during the revision process.These records include the original costs and all cost updates. The one-version approach uses a single costing version that contains all cost records. A message box prompts you to select the forecast values during revision of the budget. Updates to standard cost data can be managed by using two different approaches - the one-version approach or the two-version approach. On the Project page, on the Action Pane, select Budget, and then select Revise.
In the left navigation, change the area to Projects. Sign in to Microsoft Dynamics 365 Project Operations. To revise a project cost budget, follow these steps. A project cost budget can be revised only if the version is in Approved status.
