Overview of Dynamics 365 for Project Service Automation 2019 release wave 2
Some of the functionality described in these release notes has not been released. Delivery timelines may change and projected functionality may not be released (see Microsoft policy). Learn more: What's new and planned
Dynamics 365 for Project Service Automation is an end-to-end solution for project-based organizations to manage projects from sales through delivery. The application has deep resource management, sales, pricing, invoicing, time and expense entry, and approval capabilities along with a minimum set of project task and work breakdown structure (WBS) capabilities. With Microsoft Project replatforming onto the Common Data Service platform, the Project Service Automation application that is already on the Common Data Service platform is uniquely positioned to leverage this industry-standard set of project-planning and task-scheduling capabilities. The service industries module in Dynamics 365 for Finance and Operations is especially strong in project accounting, with revenue recognition and customer-facing invoicing that leverage date-effective exchange rates and a rich sales tax feature set.
The 2019 release wave 2 investments will be focused on providing modular offerings where capabilities across Microsoft Project, Project Service Automation, and Finance and Operations service industries will complement each other in a seamless fashion when combined and will provide a simple go-to-market story that is easily consumable. The themes that will inform the features for this release wave are:
Leverage the best of Office and Dynamics 365 for projects
The focus for this release wave will be completing the Project Online move to Common Data Service and creating a combined offering that brings together Microsoft Project Online and Project Service Automation capabilities into a singular experience on Common Data Service. The Microsoft Project capabilities on the Common Data Service platform will offer rich and fluid experiences for planning projects with rich task-scheduling capabilities and collaboration platforms, and the Dynamics 365 for Project Service Automation capabilities will extend the project-scheduling capabilities to provide configurable pricing and costing setup for human resources, resource scheduling and calendar management, time and expense entry and approval with tracking of project revenue and spend, and generating billable project transactions for the project manager to review. Together these two solutions are expected to offer a comprehensive set of capabilities for project-based organizations.
Model alignment with project functionality in Finance and Operations
This release will also see major investments in aligning the data models between Project Service Automation and Finance and Operations service industries with the future vision to seamlessly integrate operational project data to a financial system of record for revenue recognition, invoicing, and proper accounting. These investments will accrue toward reducing duplication of capabilities across Finance and Operations service industries and Project Service Automation and leverage the best of the two products for lighting up a Sales to General ledger thread to manage projects.