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Oracle Applications - Oracle Project Creation Steps

The document outlines the steps to create a project in Oracle Applications including selecting a project template, entering project details, approving the project, specifying project and task options, defining currencies and resource lists, and defining assets.

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michal hana
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16 views4 pages

Oracle Applications - Oracle Project Creation Steps

The document outlines the steps to create a project in Oracle Applications including selecting a project template, entering project details, approving the project, specifying project and task options, defining currencies and resource lists, and defining assets.

Uploaded by

michal hana
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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11/26/23, 1:33 AM Oracle Applications: Oracle Project Creation Steps

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Oracle Project Creation Steps

Navigation: Double click on the projects menu in the Navigator


The Projects screen will be displayed.

Select the project template using which you need to create project and click on find button

Select” Copy To” Button


Enter the project details in the quick entry fields, fields marked as ‘Required’ are to be mandatory entered
Click OK to complete project creation process.

Approve the Project


Project need to be approved before any transactions are raised against it. Click on the Change Status button and select the status approve.

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11/26/23, 1:33 AM Oracle Applications: Oracle Project Creation Steps

Project Options
You specify project and task options to control how Oracle Projects processes your projects. Project and Task options are available at various levels of your financi
and/or work plan structure. Use the Projects and Tasks windows to specify project and task options.

Mandatory Project Options for Costing and Capitalization Project


STRUCTURES
Use this setup option to perform the following tasks for a project template or project:
· Enable a work plan structure and a financial structure, and define their integration
· Enable program management
· Enable deliverables

TASKS
In Tasks you need to enter the following details
1. Task Number needs to be entered.
2. Task Name needs to be entered.
3. Description of the Task can be its name.
4. Task Start Date is mandatory and cannot be prior to the Project Start Date.
5. Task End Date needs to be within the active dates of the Project.
6. In the Task Details window ensure that Allow Charges Checkbox is enabled in order to incur costs against a particular task
7. In the Task Details window, ensure that Capitalizable Checkbox is enabled in order to capitalize the assets booked under a particular task.

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11/26/23, 1:33 AM Oracle Applications: Oracle Project Creation Steps

Currency
When a new project is created, the default value for the project currency code is copied from the functional currency defined in the Implementation Options for
the project-owning operating unit. You can override the default currency code and enter default conversion attributes for the project in the Costing tab of the
Currency window.

Costing Currency Options


You can optionally define costing conversion attribute default values for the Project Functional Currency and Project Currency.
These attributes are default values, and entry is optional. The attributes you select are displayed as the defaults during expenditure entry, and are used as defau
for imported transactions.

Resource List Assignments


You assign resource lists to a project to indicate which resource lists you want to use for summarizing project actual amounts for project status tracking. When
open the Resource List Assignments window for a project, Oracle Projects automatically displays the default resource list assignment from the project type, and
you can enter additional assignments if necessary. Note that you can choose only one assignment as the drilldown default.

Resource List Assignments Window


You can enter the following information in the Default Resource List Assignment window:
Resource List: Choose the resource list you want to assign to this project. The resource list defaults from the project type.
Use: Indicates the purpose or use of the resource list, such as Status Reporting. Oracle Projects determines this value after you use a resource list in a budget.
Drilldown Default: Choose this check box if you want to automatically drilldown by resource list for project status tracking. If you enter additional assignmen
only one assignment can be the drilldown default.

Assets
You can define assets for capital projects to account for capital assets and retirement adjustment assets. You define capital assets to account for assets that you p
to build or place in service during the course of the project work. You define retirement adjustment assets to account for costs and proceeds of sale associated w
the retirement of group assets in Oracle Assets.
In Oracle Projects, you can define all of the information that is required to classify capital and retirement adjustment assets, and interface the assets, along with
associated costs and proceeds of sale amounts, to Oracle Assets as asset lines. For information on the attributes that you can define for an asset.
You can define assets for a capital project in the Assets window. To access the Assets window from the Projects, Templates window, select and expand Asset
Information from the list of options.

Asset Assignments
After you define a capital asset or a retirement adjustment asset for a capital project, you can assign the asset to the project level, or to one or more tasks. You
assign an asset to the project or to a task to associate the asset with the underlying costs or proceeds of sale. You can assign assets to top tasks and lowest tasks.
You must enter the Asset Name you want to assign to the project or task, and specify whether you want to use a Grouping Level for Specific Assets or Common
Costs.
To enter asset assignments in the Asset Assignments window, you must select and expand Asset Information from the list of options in the Projects, Templates
window.

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11/26/23, 1:33 AM Oracle Applications: Oracle Project Creation Steps

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1 comment:
Unknown said...
THANK YOU NICE WORK
September 3, 2019 at 6:55 AM

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