Attend our Webinar and see it all, live. Or view the recording later at your convenience.
Neeraj Garg will be delivering an Encore presentation of his Collaborate 11 paper: Contract Based Project Billing in Oracle Fusion Project Portfolio Management on September 8th. This webinar will be recorded so if you can’t attend the live webinar, be sure to view the recording after the event.
Why is This Webinar Important?
Oracle Fusion Project Portfolio Management offers Project Contracts features that are part of the Fusion Enterprise Contracts model. Fusion Project Contracts offers sell side contracts functionality that helps to drive revenue and billing independent of project setup and execution. This presentation highlights the core features including a flexible approach to billing by contract lines, contract level summaries, consolidated bill plans, billing controls, improved user interface and improved process efficiencies.
To Register or View the Recording: http://www.projectp.com/resources/webinars.php
By Ravi Shankar, PgMP, PMP, PMI-RMP and PMI-SP
For large construction projects, interest incurred during the construction period for borrowed capital is typically capitalized for the duration of project construction, until the Capital Asset is generated. In Oracle E-Business Suite Applications, the Capital Projects functionality supports these requirements. To utilize this functionality you would set up an Interest Schedule (similar to a Burden Schedule) and associate it with the project type of the Capital Project. This schedule provides for the association of interest name, interest rate for the organization and other relevant details for interest calculations, compounding effect, expenditure type exclusions, etc.
Oracle Projects generates the interest to be capitalized once per project for each General Ledger period. Based on the system linkage function of the expenditure type to be used for interest (generally it is the Miscellaneous type class), the appropriate auto accounting function and SLA need to be properly configured to ensure the interest capitalized gets posted in the GL appropriately. Capitalization interest calculation is for the differential expenditure items on a cumulative basis, i.e. until the Construction In Process (CIP) is ready to be capitalized or Asset lines are ready to be generated. Once generated and transferred to Assets, the process stops generating interest on those expenditure items. Interest is capitalized at the same task level as the expenditure item.
For tasks that don’t have specific Asset Assignments, i.e. tasks used to accumulate Common Costs for the project, Oracle EBS Projects provides various allocation methods so that the Asset generation process does not create Unassigned Asset lines. The interest capitalization process is run at month end, before generating asset lines. The Asset line generation process does not show the interest capitalization amount in the CIP.
Your firm made a large investment in Oracle Applications because management knows that using Oracle E-Business Suite Projects will help increase profitability and ensure that project objectives are met. But your project managers and administrators already have full time jobs, and they frequently remind IT and Line of Business Managers that they don’t have extra time to learn new software or hours every day to use project management programs. End-user adoption or acceptance of new software is often the biggest hurdle to bringing in new programs, no matter how great the functionality is.
But the fact remains: your firm needs to meet its business goals and has bought or is considering buying Oracle EBS Applications because of the improved business performance that results from a successful implementation.
So how can YOU help your firm maximize the return on its software investment?
Here’s a great start: You can have your project managers and administrators trained on Oracle EBS Projects in 82% less time and spending 40% less time on a daily basis, using a familiar Microsoft® Excel front-end, ensuring rapid end-user adoption, and putting your company on the fast track to the many benefits provided by Oracle.
View this webinar and see how our User Interface Applications free up your firm’s employees to make more strategic contributions and achieve business objectives.
By Ravi Shankar, PgMP, PMP, PMI-RMP and PMI-SP
The functionalities relating to Contingent Workers (CWK) have been enhanced in Oracle E-Business Suite Applications R 12.1 and above. Prior to this release, there were limitations in effectively using CWK across multiple projects, if their PO does not reference these individual projects in its Distribution. Further, multiple concurrent associations of different Purchase Orders (with different rates, if applicable) and different projects referenced in its Distribution were not supported. Read the rest of this entry »
By Ravi Shankar, PgMP, PMP, PMI-RMP and PMI-SP
The Oracle® E-Business Suite Project Management application (PJT) integrates with Microsoft® Project out-of-the-box to provide for bi-directional integration between Oracle E-Business Suite Projects and Microsoft Project (MSP). This provides for downloading the project structure and current working version of the project from Oracle and updating them in MSP to create the detailed workplan structure, together with resource assignments and resource scheduling. Read the rest of this entry »
By Ravi Shankar, PgMP
This is Part 2 of a 2 part blog series on Program Reporting in Oracle E-Business Suite Project Management (PJT). These blog articles and our May 4th Webinar will help you understand how to use Program Reporting in your organization.
Program Roll-up Metrics
The following metrics roll up at the Program level:
By Ravi Shankar, PgMP
The Oracle E-Business Suite Project Management (PJT) application offers a key feature that is not yet widely used, but delivers valuable functionality: Program Reporting. This 2 part blog article and our May 4th Webinar will help you understand how to use Program Reporting in your organization.
Program Level reporting, as distinct from managing the Program itself, is the process wherein related Projects are linked to the Program Project. While the Program itself is a Project, and hence could have its own activities for costs, budgets revenue, etc, it could also be the recipient of rolled up data of related Child Projects, whose financial, Workplan and Progress information are visible in the Performance Management Tab of the Program.
For the Program level roll up reporting, we link the individual child projects to the lowest WBS of the program project. A linked child Project could by itself be also a Program i.e. could have roll up of Projects to itself. Read the rest of this entry »
By Kimberly McDonald Baker
Project Partners is pleased to announce that we will be presenting six papers at the Collaborate 11 conference in Orlando, Florida in April. While at the conference, be sure to visit us in Booth 953 in the Exhibit Hall, and enter to win a Kindle. Read the rest of this entry »
By Kimberly McDonald Baker
Project Partners is pleased to announce that our OP3 product, which provides bi-directional integration between the Oracle E-Business Suite Projects Applications and Oracle Primavera P6 Enterprise Project Portfolio Management applications, is now certified to work on all supported releases of these Oracle applications.
OP3 is the only bi-directional integration product currently warranted to work with all releases of Primavera P6 Enterprise Project Portfolio Management and Oracle E-Business Suite Projects (Oracle Projects) Release 11.5.10.M through Release 12.1.3. OP3 integrates project structures and plans, budgets, actual costs and committed costs. Read the rest of this entry »
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