Contributed by Sarmistha Purkayastha, Senior Information Services Engineer, CA Technologies
Close a project financially to stop processing financial transactions against it. Financially closing a project ensures that actual costs from posted transactions do not show up on cost plans, reports, and portfolios associated with the project. Also, additional funds are not assigned to a project that has been closed financially.
To financially close a project, complete the following steps:
Disable the project so it cannot be processed financially. Before financially disabling a project, verify that all outstanding work-in-process (WIP) transactions and all WIP adjustments for the project are posted.
Follow these steps:
Verify that the project has no ETC or remaining work associated with it.
To prevent team members from making timesheet entries for this project, disable the Open for Time Entry setting.
Active projects appear by default on the projects list page. Deactivate a project to remove it from the list of active projects. A deactivated project can be reactivated again or it can be marked for deletion.
View this Article on the CA Clarity PPM Cookbook on Flipboard