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The most recent baselined version is named the Current Budget, which is used for reporting. All previously baselined budgets are historical baselined versions. The Current Budget, and all other baselined budget versions, have a status of Baselined.

For security reasons, this process is usually performed by a different project member than the person who entered and submitted the budget.

If a budget type uses Workflow for budget status changes, a draft budget is automatically baselined after it is submitted, if it passes all the Workflow approvals and other requirements. See Submitting a Draft page .

For contract projects in Oracle Project Billing, the baseline function verifies that the budget amounts for the budget type Approved Revenue Budget equals the total funding for the project or for the top tasks within the project, if using task level funding. If this check is successful, a new budget version is created. If the amounts are not equal, Oracle Projects displays an error and does not create a new budget version.

Prerequisites

   Enter and submit a draft. See: Entering a Draft

   For contract projects in Oracle Project Billing with budgets using the budget type Approved Revenue Budget, enter the funding amount equal to the budget amount. If you are using top task funding, you must enter revenue budgets at the top task and/or the lowest task levels.

   To baseline a draft:

1. Find the submitted draft that you want to baseline. Choose Baseline.

2. If the baseline function fails for the Approved Revenue Budget because the funding does not equal the revenue budget, then you must change the budget or the funding amounts before you can successfully baseline the budget.