Describe how Project Operations supports different industries
Project management and accounting in the Finance environment covers expense management capabilities, project accounting, and revenue recognition. The finance and operations app environment is used in Project Operations for stocked/production-based scenarios.
As depicted in the following illustration, the project management and accounting functionality can be used in multiple industries to provide a service, produce a product, or achieve a result.
Projects come in many forms, such as the following:
Call center - In a call center, a ticket can be used to describe the set of actions that are required to resolve a call.
Consulting - Consulting companies, such as management or technical consulting organizations or advertising agencies, refer to their activities as projects.
Marketing - In marketing, a campaign represents a set of work that must be delivered.
Manufacturing - In project-based manufacturing, a production order relates the various work that must be done to produce some finished goods.
Regardless of the industry, these projects involve resources, schedules, and costs, and the project management and accounting functionality can help with the planning, execution, and analysis of these projects.