This Quick Topic describes the three methods for forecasting fixed price revenue:
- Based on revenue being recognized based on the billing dates associated with WBS
- Based on the percentage of estimated labor (Unanet plans) compared to the cost or hours budget on a project or task. Customers that support fixed price projects based on the delivery of milestones must be able to tie the pace of work with the pace of recognized revenue.
- Based on a fixed/custom revenue recognition schedule