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Project Statuses-Oracle Projects Considerations Part 8

What Are Project Statuses?

Statuses can control the “life-cycles” of projects, project resource requirements, and people. New statuses can be created for the above objects.

Out of the Box Project Statuses

Project Statuses include predefined statuses for the following objects:

  • Projects – a project’s current state, for example Open, Closed, or Approved
  • Requirements – The state of the requirement in the staffing life cycle. For example Open, Filled, Cancelled
  • Assignments – Current assignment status. For example Provisional, Confirmed, Cancelled
  • Candidates – Indicates a project candidate’s amount of consideration for a proposed project. For example Pending Review, System Nomination, Under Review, Suitable, Declined, Withdrawn,  Assigned
  • Assignment approval – candidate’s current staffing life-cycle state. Working, Submitted, Approved, Canceled, Rejected, Requires Resubmission

Oracle Project Status Questions and Considerations

Will you enable project approval workflow?

  • Workflows can be used to strengthen the effect of project statuses by routing approvals based on status to different groups.
  • The status itself can be used to quickly query or report on projects in an easy to understand manner.

Are the seeded statuses all we need?

  • Seeded statuses are sufficient for most configurations.
  • Additional controls for each status allow them to be dynamic.
  • There are statues for different project life-cycle phases.

Do you require additional statuses other than seeded statuses?

  • Create as many statuses as required.

How can I use statuses for capital project approvals?

  • Absolutely! Statuses are highly useful in controlling and tracking the approval of capital requests (AFE, CER, etc).

Can statuses aid us in gaining sales efficiencies?

  • Again, absolutely! Statuses are leveraged to track the different state of the proposal process.
  • Visibility into the total cost of the sales pursuit.

 

Project statuses are truly a multi-functional variable that allows for simple control and reporting.

Let us know how we can assist your organization in leveraging your project statuses to their full potential!

About the Author

Wallace has been working with Oracle applications for nearly 20 years implementing domestic and international projects in roles from consultant to Director/Solution Architect. He has participated in implementation/upgrade, project oversight, pre-sales, and large complex process improvement efforts. Experience includes project and managerial accounting operations, financial planning & budgeting, payables and billing. His Oracle experience includes Project Accounting suite, Financials and process improvement within numerous industries. The list includes Professional Services, Manufacturing, Mining, Financial Services and Business Services, Communications and Media, and Automotive.

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