What is the difference between WBS element and Funded program?
I have an invoice which needs to be allocated, there are columns, and 2 of them are WBS element and Funded program.
However both entries are the same number . I would like to know what is the difference between them ?
Best Answer
May 01, 2017 at 02:12 PM
WBS-element is basically a cost collector that reflects a specific work scope. Fund is a budget that sponsors the work to be done. Those two can be in Many : Many relationship, maybe 1 WBS sponsored by multiple funds or multiple WBS sponsored by a single fund. It is unusual for them to have the same code, normally the coding conventions would be different.