What are the different types of resource-related billing in SAP PS?

Types of Resource-Related Billing in SAP PS

Resource-related billing in SAP Project System (SAP PS) involves the billing of project costs based on resources consumed. There are different types of resource-related billing methods in SAP PS, including:

1. Time and Material (T&M): This type of billing involves invoicing based on the hours worked and materials used on a project.
2. Fixed Price: In this method, the billing is based on a fixed price agreed upon for a specific scope of work, regardless of the resources consumed.
3. Milestone Billing: Billing is triggered at predefined project milestones, such as completion of specific project phases or deliverables.

Each type of resource-related billing method in SAP PS has its own advantages and is chosen based on the specific requirements of the project and the billing agreement between the parties involved.