Project Planning and Multiple Currencies

Some enterprises that use Vantagepoint Planning plan their projects using cost values, some using billing values, and some using both. Therefore, Vantagepoint tracks project plans in both the project currency, representing planned cost values, and the billing currency, representing planned billing values.

After the project begins, when actual labor and expense amounts are viewed in a plan, they appear in the same currency as the plan (either the project or billing currency), so that you can always directly compare planned and actual amounts.

• When you create a project from a plan, the new project inherits the project and billing currencies of the plan.
• When you create a plan from a group of projects, all projects selected must have the same project currency and billing currency, respectively.
• When an existing plan is merged to the new plan, the existing plan must have the same project currency and billing currency.

Any employee can be included in a plan, regardless of the employee's home currency.