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Oracle Project Interview Questions

There are three main types of projects in Oracle Projects: indirect projects which track overhead costs but do not generate revenue, capital projects which track asset development costs and capitalize them, and contract projects which are created for external customers to track costs, revenue, and billing. Expenditure types identify the costs associated with expenditure items and are assigned expenditure and revenue categories during setup. Task types define whether expenditure items against a task can be billed (billable) or only record costs (non-billable). Cost rates are defined at the job or employee level to calculate the basic cost for expenditure items.

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958 views

Oracle Project Interview Questions

There are three main types of projects in Oracle Projects: indirect projects which track overhead costs but do not generate revenue, capital projects which track asset development costs and capitalize them, and contract projects which are created for external customers to track costs, revenue, and billing. Expenditure types identify the costs associated with expenditure items and are assigned expenditure and revenue categories during setup. Task types define whether expenditure items against a task can be billed (billable) or only record costs (non-billable). Cost rates are defined at the job or employee level to calculate the basic cost for expenditure items.

Uploaded by

Ravi Sankar
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Oracle Project Interview Questions

1. What are the Project Classes available in projects?

 Indirect projects – Track overhead activities and costs of the organization. Note: Does
not generate revenue and invoicing process.
 Capital projects – Track asset development activities and costs, and costs are capitalized
as one or more assets.
 Contract projects - Contract projects created with external customer to track cost,
revenue, and billing.

2. What is the expenditure type in projects?

It is the identification of cost that is associated to an expenditure item.It is assigned to the expenditure
category and revenue category during the setups.

3. Please explain what is the use of task billable & Non-billable type?

Billable type

It is a functionality associated at the task level identifying the expenditure items created

Against the task to be billed to the client it will generate billing and revenue

Non Billable type

It is functionality associated at the task level identifying the expenditure items

Created on the task is only to record the cost incurred against it and it will not generate billing and

Revenue

4. What is the cost rate in projects?

It is the rate defined at the job or employee level to derive at the basic cost for a particular expenditure
item.

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