Oracle

EPBCS Business Process Module: Projects

The Project module of Oracle Enterprise Planning and Budgeting Cloud Service (EPBCS) is designed to support financial planning and forecasting for contract, capital, and indirect projects. The platform integrates project management systems and financial planning to support the complete project planning lifecycle. It has four components:

Projects Summary

  • Provides a full project view – both internal and external projects including approvals for expenditure
  • Ability to plan project details and facilitate continuous project planning
  • Additional extension with vendor programs and stages
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Revenue

  • Revenue modeling for contract projects
  • Project benefits for internal projects: financial and non-financial measures captured

Expense

  • Driver-based models for labor, material, and equipment planning
  • Time & Material, Cost Plus or Direct Revenue – configurable as needed for each project type
  • Capitalized expenses for Capital Projects, with integration to Capital module

Analysis

  • Built-in reports for project performance
  • Project revenue, expense, and cash flows
  • Metrics – NPV, payback, IRR, ROI to cover project performance
  • EVM measures to track project variances and performance

Projects Benefits

  • Integrate project financial plans to the enterprise financial planning and forecasting processes
  • Give decision makers ability to insure project initiatives are aligned with plan before approving them
  • Provide ability to plan multiple assets for a project
  • Utilize operational drivers for consistent project financial plans
  • Continuously measure ROI and benefits
  • Provide prioritization across different projects and approvals
  • Ability to track project stages
  • Measure financial, non-financial, and qualitative benefits of project initiatives

To learn more about the other three modules of EPBCS, read my recent blog posts EPBCS Business Process Module: FinancialsEPBCS Business Process Module: Workforce, and EPBCS Business Process Module: Capital.

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