Introduction In this installment, I will discuss a few key takeaways of the PPM Rapid Install sheet. The PPM Rapid Installation is very helpful in getting an environment up very quickly. It also provides a structure in capturing configuration data. Depending on which features are suited, and selected, for your company, the sheet will enable […]
Wallace Bartlett –
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.
Blogs from this Author
Invoice formats- Oracle Projects Considerations Part 7
What is a Project Billing Invoice Format? The Oracle projects billing invoice formats determine how invoice lines can be displayed on invoices. Implementers define the width of columns and different data types to appear. Invoice formats also allow free-form text. These details are used in Receivables for invoice accounting and presentment to the customer. Are […]
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 […]
Tip: Dashboard Page for CIP Account Analysis in Cloud Projects
When standing up a new Cloud Projects environment some of the analytics are not ready for prime time. There are a few steps that need to be performed before they will work. One in particular is the Dashboard Page for CIP Account Analysis. If run out of the box, the Dashboard Page for CIP Account […]
You Want to Know Why the Oracle Asset and Asset Lines Look “off”?
Users ask, “Why do the asset and lines coming into Assets from Projects look off?” The straightforward answer is the screen layout is confusing. After Projects interfaces summarized asset lines to Assets, the Assets team must analyze and then post asset costs. A question we’re faced with at some point in every project where PPM […]
Cloud PPM Expenditure Type Setup via Spreadsheet
When uploading expenditure types using the Rapid Install spreadsheet I came across a few things that weren’t clearly documented. 1. If an expenditure type requires multiple Expenditure Type Classes be aware that you can upload only ONE unique expenditure type at a time. For example, the Expenditure Type “Hourly Labor” requires Straight time and Overtime […]
The Minimum Oracle Cloud Project Contracts Setup
Differences exist between Cloud Project Billing and EBS Project Billing. Using Oracle Cloud Project Contracts exclusively is one of the differences. In EBS “Project Funding” we create an approved revenue budget, baseline it, setup the agreement and lastly fund the project/task. Utilizing Oracle cloud project contracts raises questions of how the former “funding” is achieved […]
How to Account for Project Revenue and Invoices in Oracle Cloud PPM
When generating revenue and invoices from Projects in Oracle Cloud PPM, revenue is transferred to the general ledger, but, the invoice information is sent to receivables. This might cause issues in accounting if not paying attention during configuration. We will look at how we got here. In most cases, setup is a straight forward SLA […]
Expenditure Types – Oracle Projects Considerations Part 6
In Part 5 of my blog post series, I discussed Project Billing Methods. In this post, I will focus on Expenditure Types. What are Expenditure Types? An expenditure type is a cost classification assigned to each expenditure item you enter in Oracle Projects. They are made up of the following elements: - An (a) expenditure […]
Work Breakdown Structures – Oracle Projects Considerations Part 4
In Part 3 of my blog post series, I discussed Project Calendars. The focus of Part 4 is Project Work Breakdown Structures (WBS). WBS is a hierarchical assortment of top, mid, and lowest tasks within a project. A task is a piece or portion of work assigned to a resource. Within the Oracle Projects Work […]
What is the Oracle Projects Calendar? Oracle Projects Considerations Part 3
In Part 2 of this Oracle Project series I discussed Project Type Classes. Here, in Part 3, I will discuss the Oracle Projects Calendar options available and how they benefit your company. The primary driver of which option is time card entry followed by reporting requirements. Your Oracle Projects Calendar options are: a duplicate of […]
Projects and Capitalized Assets – Better Together at #C18LV
How confident are you that you have the complete cost of a project related asset? Many believe that once an asset is placed in service that is the end of the story. However, there is more to the Oracle Project and Oracle Assets relationship after capitalization. Projects and capitalized assets together give managers accurate and […]