Overview – Oracle Projects


Last few days I have been involved with the Oracle Projects module. I’ll try and put forth some basic learning of this module.

Oracle Projects is meant primarily for organizations that are project-oriented. Using this module, it becomes easy to track costs, budget and track the project status.

 

Oracle Projects consists of the following products:

• Oracle Project Costing

• Oracle Project Billing

• Oracle Project Connect for Microsoft Project

• Oracle Activity Management Gateway

• Oracle Project Analysis Collection Pack

 

Prior to Oracle Projects Setup, one has to setup the Set of Books in GL, setup Organization and Organization hierarchy in Oracle HRMS, define employees and job in HRMS and create customer in Oracle Receivables. However if Oracle Projects is being installed as a standalone package then one needs to define all above in Oracle Projects itself. Some other mandatory setups include defining locations, defining implementation options, defining Project Accounting periods, defining expenditure types and categories, define revenue categories, etc. Also one has to create a burdening hierarchy in Oracle HRMS which may vary from the Project or Task Organization hierarchy.

 

Invariably a Project is broken into a hierarchy of tasks as per Work Breakdown Structure (WBS, a hierarchy of tasks that rollup into a project) to manage project and task related information. One can define as many levels of tasks in a hierarchy in Oracle Projects. However, proper naming conventions need to be followed while naming projects, tasks and sub-tasks. An organization has to be associated with a project and a Task, which may be same or different.

 

One can have three different Project Types for managing the cost of a project: Indirect, Capital and Contract. An Indirect Project Type is used to track the overhead costs and labor hours for overhead activities like Admin, Legal, etc. Capital Project Type is selected to track costs and labor hours related to asset development activities which ultimately results in an asset for the organization. A Contract Project Type is selected in case the costs are reimbursed by a client.

 

Oracle Costing is the used for processing of expenditures for finding out costs which can be attributed to projects and tasks which can then be posted to GL corresponding to different account lines. There are two cost amounts associated to each transaction: Raw and Burdened. The raw cost is the actual cost of the work performed, and the burden cost is the indirect cost or overhead of work performed, like administrative cost. The Burden cost is calculated by multiplying Raw Cost with the Burden Multiplier. The burdened cost is the total cost that is incurred, i.e., the sum of raw cost and burden cost.

Burden Cost = Raw Cost x Burden Multiplier

Burdened Cost = Raw Cost + Burden Cost

More on Oracle Projects, primarily I’ll try and provide inputs on Burdening Cost and Oracle Project Billing in subsequent days.

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10 responses to “Overview – Oracle Projects

  1. Pingback: Top Referred Articles on KnowOracle | Shivmohan Purohit's Oracle Applications Blog

  2. Great Work. I am new to Oracle Projects and for me this article was a real help. But it’s too small. Waiting for your next posts on Oracle Projects.
    Btw, it would be great if you could send any docs related to Oracle Projects.

  3. Pingback: KnowOracle – Top Documents – Most Read articles « Oracle Applications – Business & Technology

  4. Hi,

    I really appreciate the knowledge input and sharing.However can you send me the full intruction on the setup of the project module and the user guide of the project as well?As i urgently required the guide for the implementation testing as i still new in project module.Can someone help me?Please email to me if you have such guidance.I appreciate your help.

  5. I need to know is there any good book, tutorial or training material other then Oracle provided Manuals that can ease the learning of Oracle project Suite easily for beginners.

    Because reading from the manuals is not a easy task for beginners.

  6. Let me know also that is there any good book, tutorial or training material other then Oracle provided Manuals that can ease the learning of Oracle project Suite easily for beginners.

  7. I need to know is there any good book, tutorial or training material other then Oracle provided Manuals that can ease the learning of Oracle project Suite easily for beginners.

    Because reading from the manuals is not a easy task for beginners.

  8. I need to know is there any good book, tutorial or training material other then Oracle provided Manuals that can ease the learning of Oracle project Suite easily for beginners.

  9. Nice,

    you can forward more information about projects it well be help full to me

  10. Hi,

    Nice article, good to start with.

    If you can forward more information about projects it will be great help to me

    Regards

    Sagar
    sagarmadurwar@gmail.com

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