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By dragging one or several expense icons onto the newly created invoice, the user will then be prompted to enter expense-related information, using only those charge codes assigned to the project as part of the estimation and budgeting effort. By centralizing project expense reporting, cost variances are calculated in real time, effectively reducing potential project risk and contingency utilization. As project participants incur expenses, PMOffice™ calculates the remaining expense budget for each charge code and displays the associated budget variance. This functionality enables an immediate response capability to mitigate variance impact and realign project forecasts. |
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