Invantive Vision

In projects often an amount is registered on a cost category to serve as a provision, for example, for vacancy or setbacks. However, never a direct posting will be made on this cost category. During review moments it is determined which part of these provisions can be released in favor of the result.

Follow these steps to partially release a provision:

•Select a ‘Release Deviation’ from the list as described in Comment Deviation.

•Add a latest estimate using the screen Latest Estimatesfor this cost category which shows the amount that cannot be released.

Example: the provisions is Eur 300k. Eur 100k will be released. Displaying is turned on and the latest estimate is added as 300k - 100k = Eur 200k. The 100k which is released is added to the project results.