Plan and prepare for Dynamics 365 Project Operations in 2023 release wave 1

Important

This content is archived and is not being updated. For the latest documentation, go to Project Operations updates. For the latest release plans, go to Dynamics 365, Power Platform, and Cloud for Industry release plans.

Important

The 2023 release wave 1 plan covers all new functionalities planned to be delivered to market from April 2023 to September 2023. In this article, you'll find the product overview and what's new and planned for Dynamics 365 Project Operations.

Overview

In one application, Dynamics 365 Project Operations connects your sales, resourcing, project management, and finance teams so they can win more deals, accelerate delivery, empower employees, and maximize profitability. The application provides the necessary visibility, collaboration, and agility across the project lifecycle to drive success for project-centric businesses. Powered by Microsoft Power Platform, customers are provided with an unmatched set of capabilities that enable everyone to analyze, act, and automate across their organization to transform their services business from the ground up. It's everything you need to run your project operations, from deal management to financials, all in one application.

For 2023 release wave 1, we're delivering functionally rich experiences in the following areas:

• Improve user experience and incorporate performance investments in project estimation, sales processes, and project invoicing.
• Implement project budgeting and time-phased forecasting for Resource/Non-stocked deployments of Project Operations.
• Use the improved notifications, approvals, and itemization support in the expense mobile application.
• Use advanced cost and revenue deferrals with time and materials projects for stocked or production-based scenarios.
• Allow cancellation of PO receipts with connected item requirements.

Updates to Dynamics 365 Project Operations 2023 release wave 1

Investment areas

Copilot in Project Operations
Generate project plans, status reports, and project risks and mitigations to assist project managers on key activities during project execution within Dynamics 365 Project Operations using the power of generative AI. Copilot capabilities in Project Operations support consultants and project managers to smooth the flow of the business process from the frontlines to the back office and help service delivery organizations realize operational efficiencies.

Optimize project operations
In one application, Dynamics 365 Project Operations connects your sales, resourcing, project management, and finance teams so they can win more deals, accelerate delivery, empower employees, and maximize profitability. Project Operations is continuing to invest in capabilities to improve usability, performance, and scale across key areas of the product like project planning, invoicing, time entry, and core transaction processing flows.

Core functionality is getting the spotlight with enhancements to service procurement scenarios with integration to Purchase Order, support for vendor retention, pay-when-paid, intercompany vendor invoices, and three-way vendor invoice match functionality in Dynamics 365 Finance. Project contracting and pricing models will see new scenarios enabled with progress-based billing and contracting models and cost-plus and contribution-based pricing models. Intelligent resource recommendations will make project staffing easier by providing resource suggestions using past experience and a multi-dimensional prioritization of criteria like costs, utilization, skill match, and availability.

To learn more about the entire set of capabilities being delivered during this release wave, check out the release plan for Dynamics 365 Project Operations below:

Check out the release plan

For application administrators

User-impacting features to the user experience enabled automatically
User-impacting features should be reviewed by application administrators. This facilitates release change management and enables successful onboarding of new capabilities released to market. For the complete list, look for all features tagged "Users, automatically" in the release plan.

Features that must be enabled by application administrators
This release wave contains features that must be enabled or configured by administrators, makers, or business analysts to be available for their users. For the complete list, look for all features tagged "Users by admins, makers, or analysts" in the release plan.

Get the most out of Project Operations

Helpful links	Description
Release plan	View all capabilities included in the release.
Product updates	Stay up to date on latest product updates.
Release calendar	Know important release milestones.
Licensing	Improve your understanding of how to license Project Operations.
Product documentation	Find documentation for Project Operations.
User community	Engage with Project Operations experts and peers in the community.
Upcoming events	Find and register for in-person and online events.
Product trials	Get started with Project Operations.