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Funding a Contract Project

You must fund your project before your project can actually accrue revenue and be billed. Funding is the step that relates the dollars associated with a customer agreement to a specific project. The amount of project funding must equal the current approved project budgeted revenue amount to successfully baseline your budget.

Oracle Projects allows you to define agreements, projects, and tasks to organize your project work. Figure 1 - 34 represents an example of how you can use an agreement to fund projects and tasks. In the pages that follow, we discuss using agreements to fund projects and tasks in more detail.

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