{"id":2848,"date":"2022-06-21T06:00:00","date_gmt":"2022-06-21T13:00:00","guid":{"rendered":"https:\/\/www.projectp.com\/ppblog\/?p=2848"},"modified":"2022-11-17T13:31:31","modified_gmt":"2022-11-17T21:31:31","slug":"6-essential-oracle-cloud-project-management-updates","status":"publish","type":"post","link":"https:\/\/www.projectp.com\/ppblog\/2022\/06\/21\/6-essential-oracle-cloud-project-management-updates\/","title":{"rendered":"6 Essential Oracle Cloud Project Management Updates"},"content":{"rendered":"\n<p><em>June 2022 | Oracle Cloud Project Management Updates<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.projectp.com\/ppblog\/wp-content\/uploads\/2022\/06\/Oracle-Update-draft-01-scaled.jpg\"><img decoding=\"async\" src=\"https:\/\/www.projectp.com\/ppblog\/wp-content\/uploads\/2022\/06\/Oracle-Update-draft-01-scaled.jpg\" alt=\"Oracle Cloud Applications Update 2022\" class=\"wp-image-2897\"\/><\/a><\/figure>\n\n\n\n<p>Oracle is continuously working to improve the features and functionality of its Cloud Apps software. The latest updates were released in early June, offering a range of updates in Billing, Cost, Planning, Resource, Program, and Grant Management. The Planning, Scheduling, and Forecasting functionality saw the most customer-requested feature enhancements.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">1: Billing &amp; Revenue Management<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Additional Process Configurator Sources\n<ul class=\"wp-block-list\">\n<li>The new Sources edition further improves the Process Configurator tool and potentially reduces the need for additional PaaS integrations to address Revenue\/Billing calculations. New features support the development of Percent Spent or Percent Complete Invoicing and the use of Descriptive Flex Fields in calculating Revenue and Invoicing amounts.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Search invoices using the project number<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">2: Cost Management &amp; Control<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Transfer project cost transactions using the Project Costs REST API\n<ul class=\"wp-block-list\">\n<li>New features support leveraging workflow approval capabilities for cost adjustments initiated by Rest API.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>New Project Transaction Analysis Reports<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">3: Planning, Scheduling, &amp; Forecasting<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Project application administrators can use context-specific attributes in Page Composer.<\/li>\n\n\n\n<li>Maintain manual periodic spread for financial project plan and budget lines<\/li>\n\n\n\n<li>Maintain project progress using project progress REST API<\/li>\n\n\n\n<li>Modify the planning currency of planned resources on the financial project plan<\/li>\n\n\n\n<li>Provides the Project Manager the ability to adjust the currency for specific resources directly on the Financial Project Plan, thus providing more timely and accurate budgetary information.<\/li>\n\n\n\n<li>Manage planning options for project budgets using the Project Budgets REST API<\/li>\n\n\n\n<li>Project status change workflow informs approvers via notifications for faster decisions.\n<ul class=\"wp-block-list\">\n<li>Notification design changes provide further detail to Project Approvers to eliminate the need to check other information sources before approval.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Update and delete project team members using the Project Templates REST API\n<ul class=\"wp-block-list\">\n<li>This functionality addresses long-standing maintenance issues related to changing out Project Team Members due to various Personnel shifts.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">4: Project Management<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Analyze program earned value using Oracle Transactional Business Intelligence<\/li>\n\n\n\n<li>Program Managers can now monitor Program Level Earned Value (EV) rather than managing EV on a Project-to-Project basis.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">5: Resource Management<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Enhanced Resource Assignment Update via FBDI<\/li>\n\n\n\n<li>Resource Nomination Update Using a REST API<\/li>\n\n\n\n<li>Both options provide enhanced capabilities in improving process efficiencies by supporting bulk updates of Resource Assignments.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">6: Grant Management<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>View detailed error information when importing award or award project details<\/li>\n\n\n\n<li>Limit results of the List of Values for Projects API to sponsored projects<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Summary<\/h2>\n\n\n\n<p>As you can see, several improvements are coming to <a href=\"https:\/\/www.projectp.com\/solutions\/primavera\/prime.php\" target=\"_blank\" rel=\"noreferrer noopener\">Oracle Cloud PPM<\/a> with the 22C Quarterly Update. In addition to the individual items listed above, the Rest API progress will further drive integrations to mimic the User Experience via the User Interface.<\/p>\n\n\n\n<p>What do these updates mean for your project-centric organization? Reach out to your Project Partners consultant today.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.projectp.com\/demos\/contact_us.cgi\" target=\"_blank\" rel=\"noreferrer noopener\">CONTACT US<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">About the Author<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><a href=\"https:\/\/www.projectp.com\/ppblog\/wp-content\/uploads\/2022\/06\/Bruce-200.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.projectp.com\/ppblog\/wp-content\/uploads\/2022\/06\/Bruce-200.jpg\" alt=\"\" class=\"wp-image-2870\" width=\"143\" height=\"143\" srcset=\"https:\/\/www.projectp.com\/ppblog\/wp-content\/uploads\/2022\/06\/Bruce-200.jpg 200w, https:\/\/www.projectp.com\/ppblog\/wp-content\/uploads\/2022\/06\/Bruce-200-150x150.jpg 150w\" sizes=\"auto, (max-width: 143px) 100vw, 143px\" \/><\/a><\/figure>\n<\/div>\n\n\n<p>Bruce Maghan is Project Partners Senior Oracle Applications Consultant with 14+ years of experience implementing and using the Oracle Projects Suite of applications.&nbsp; Combines this&nbsp;experience with a 13-year Project Controls background in the Power, Marine, and Construction Maintenance industries to possess a full understanding of business&nbsp;processes and the ability to apply technical solutions.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Bruce&#8217;s experience includes:&nbsp;Oracle Applications releases 11 &amp; 12, Oracle Fusion\/Cloud&nbsp;Project Portfolio Management training, business process design improvements, Functional Lead over all Projects modules, custom SLA rules design, multi-org implementations, multi-ledgers implementations, multi-currency implementations, and contract services integration between Purchasing, Payables, OTL, and Projects.<\/p>\n\n\n\n<ul class=\"wp-block-social-links is-content-justification-center is-layout-flex wp-container-core-social-links-is-layout-16018d1d wp-block-social-links-is-layout-flex\"><li class=\"wp-social-link wp-social-link-linkedin  wp-block-social-link\"><a href=\"https:\/\/www.linkedin.com\/in\/bruce-maghan-42326aa\/\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M19.7,3H4.3C3.582,3,3,3.582,3,4.3v15.4C3,20.418,3.582,21,4.3,21h15.4c0.718,0,1.3-0.582,1.3-1.3V4.3 C21,3.582,20.418,3,19.7,3z M8.339,18.338H5.667v-8.59h2.672V18.338z M7.004,8.574c-0.857,0-1.549-0.694-1.549-1.548 c0-0.855,0.691-1.548,1.549-1.548c0.854,0,1.547,0.694,1.547,1.548C8.551,7.881,7.858,8.574,7.004,8.574z M18.339,18.338h-2.669 v-4.177c0-0.996-0.017-2.278-1.387-2.278c-1.389,0-1.601,1.086-1.601,2.206v4.249h-2.667v-8.59h2.559v1.174h0.037 c0.356-0.675,1.227-1.387,2.526-1.387c2.703,0,3.203,1.779,3.203,4.092V18.338z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">LinkedIn<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-twitter  wp-block-social-link\"><a href=\"https:\/\/twitter.com\/BruceMaghan\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M22.23,5.924c-0.736,0.326-1.527,0.547-2.357,0.646c0.847-0.508,1.498-1.312,1.804-2.27 c-0.793,0.47-1.671,0.812-2.606,0.996C18.324,4.498,17.257,4,16.077,4c-2.266,0-4.103,1.837-4.103,4.103 c0,0.322,0.036,0.635,0.106,0.935C8.67,8.867,5.647,7.234,3.623,4.751C3.27,5.357,3.067,6.062,3.067,6.814 c0,1.424,0.724,2.679,1.825,3.415c-0.673-0.021-1.305-0.206-1.859-0.513c0,0.017,0,0.034,0,0.052c0,1.988,1.414,3.647,3.292,4.023 c-0.344,0.094-0.707,0.144-1.081,0.144c-0.264,0-0.521-0.026-0.772-0.074c0.522,1.63,2.038,2.816,3.833,2.85 c-1.404,1.1-3.174,1.756-5.096,1.756c-0.331,0-0.658-0.019-0.979-0.057c1.816,1.164,3.973,1.843,6.29,1.843 c7.547,0,11.675-6.252,11.675-11.675c0-0.178-0.004-0.355-0.012-0.531C20.985,7.47,21.68,6.747,22.23,5.924z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Twitter<\/span><\/a><\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>References: <\/p>\n\n\n\n<p>Oracle. &#8220;<a href=\"https:\/\/www.oracle.com\/webfolder\/technetwork\/tutorials\/tutorial\/readiness\/offering.html?offering=project-mgmt-21ring.html?offering=financials-21\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"Oracle Cloud Application Update Readiness\">Oracle Cloud Application Update Readiness<\/a>&#8220;. Accessed June 20, 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest Oracle Cloud Applications updates were released in early June 2022, offering a range of updates in Billing, Cost, Planning, Resource, Program, and Grant Management. Read this blog to learn more about the latest feature functionalities and how it impacts your project-driven organization:<\/p>\n","protected":false},"author":79,"featured_media":3107,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[181],"tags":[256,259],"class_list":["post-2848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oracle-cloud","tag-managed-applications-service","tag-product-updates"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.projectp.com\/ppblog\/wp-json\/wp\/v2\/posts\/2848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.projectp.com\/ppblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.projectp.com\/ppblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.projectp.com\/ppblog\/wp-json\/wp\/v2\/users\/79"}],"replies":[{"embeddable":true,"href":"https:\/\/www.projectp.com\/ppblog\/wp-json\/wp\/v2\/comments?post=2848"}],"version-history":[{"count":0,"href":"https:\/\/www.projectp.com\/ppblog\/wp-json\/wp\/v2\/posts\/2848\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.projectp.com\/ppblog\/wp-json\/wp\/v2\/media\/3107"}],"wp:attachment":[{"href":"https:\/\/www.projectp.com\/ppblog\/wp-json\/wp\/v2\/media?parent=2848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.projectp.com\/ppblog\/wp-json\/wp\/v2\/categories?post=2848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.projectp.com\/ppblog\/wp-json\/wp\/v2\/tags?post=2848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}