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• what level in the work breakdown structure that you enter the budget

• what time period you use for budgeting, if any

• whether you enter budget amounts by categories (resources)

• what budget amounts you enter for the budget

Budget entry methods also provide a way to enforce consistent budget entry across similar projects, which facilities cross-project reporting.

You select a budget entry method when you create a draft for a project. You also specify the default budget entry method for each project type.

Oracle Projects predefines three budget entry methods:

• By lowest tasks and Date Range, Categorized by Resources

• By lowest tasks and GL Period, Categorized by Resources

• By lowest tasks and PA Period, Categorized by Resources

Defining Budget Entry Methods

   To define a budget entry method:

1. Navigate to the Budget Entry Methods window.

2. Enter the name of the budget entry method.

3. Select the entry level. The entry level can be project, top tasks, lowest tasks, or top and lowest tasks.

4. Select Categorized by Resources if you want the budget to be categorized.

5. Select the time phased type. The choices are Date Range, GL Period, PA Period, or None.

6. Select the enterable fields from the displayed list.

7. Save your work.

See Also

Entering a Budget Draft

Fremont Corporation defines the following budget entry methods which address the various budgeting requirements of their projects.
The following two budget entry methods are used for projects that track budgets at a detail level using lowest level tasks or top tasks and PA periods. This is a company policy for all capital and contract projects.
Name	Lowest Task by PA Period
Entry Level	Lowest Task
Categorized by Resource	Yes
Time Phased By	PA Period
Cost Enterable Fields	Quantity, Raw Cost, Burdened Cost
Revenue Enterable Fields	Revenue
Name	Top Task by PA Period
Entry Level	Top Task
Categorized by Resource	Yes
Time Phased By	PA Period
Cost Enterable Fields	Quantity, Raw Cost, Burdened Cost
Revenue Enterable Fields	Revenue
Fremont defines the next budget entry method for use in indirect projects, which are allowed to have non-categorized amounts at the project level, but must be defined by GL period.
Name	Project by GL Period
Entry Level	Project
Categorized by Resource	Yes
Time Phased By	GL Period
Cost Enterable Fields	Quantity, Raw Cost, Burdened Cost
Revenue Enterable Fields	None
Fremont defines the next two budget entry methods to record the forecast budget for all projects. The forecast budget can be entered at either the project or top task levels.
Name	Project at Completion
Entry Level	Project
Categorized by Resource	No
Time Phased By	None
Cost Enterable Fields	Quantity, Raw Cost, Burdened Cost
Revenue Enterable Fields	Revenue
Name	Top Task at Completion
Entry Level	Top Task
Categorized by Resource	No
Time Phased By	None
Cost Enterable Fields	Quantity, Raw Cost, Burdened Cost
Revenue Enterable Fields	Revenue
Fremont defines the next two budget entry methods for use with revenue budgets on contract projects that use cost plus contracts. These budget entry methods require entry of budget categories. For cost plus projects, project users need to define the fee component of the revenue budget for use in the fee calculation. Fremont defines two entry methods to accommodate both project level funding and top task funding.
These two budget entry methods may also be used for forecast budgets.
Name	Project Level by Category
Entry Level	Project
Categorized by Resource	Yes
Time Phased By	None
Cost Enterable Fields	Quantity, Raw Cost, Burdened Cost
Revenue Enterable Fields	Revenue
Name	Top Task Level by Category
Entry Level	Top Task
Categorized by Resource	Yes
Time Phased By	None
Cost Enterable Fields	Quantity, Raw Cost, Burdened Cost
Revenue Enterable Fields	Revenue