Previous  Next          Contents  Index  Navigation  Glossary  Library

Project Types for Fremont Corporation (Example Setup)

Fremont Corporation uses Oracle Projects to manage indirect, capital, and contract projects. They have decided to define the following project types.

Indirect Project Types

Fremont Corporation's implementation team defines these indirect project types:

Fremont Corporation's implementation team defines a project type for overhead costs. Fremont uses overhead projects to record overhead costs that may or may not be associated with a particular project. For example, Fremont records its word processing and editorial costs in an overhead project. This project type is not burdened.

Name Indirect
Class Indirect
Service Type Administration
Description Project used to store the overhead charges of the project-managing organization
Budget Control
Allow Cost Budget Entry Yes
(Cost) Entry Method Project by GL Period
(Cost) Resource List Labor by Job, Non-Labor by Expenditure Type
Allow Revenue Budget Entry No
Resource List for Status Reporting Labor by Job, Non-Labor by Expenditure Type

Fremont Corporation's implementation team also defines a project type for Bid and Proposal work. This is an indirect project type because costs incurred are not billed back to the client. Fremont uses Bid and Proposal projects to record the costs associated with bidding for a prospective contract. This project type is not burdened.

Name Bid & Proposal
Class Indirect
Service Type B & P
Description Collect bid and proposal costs
Budget Control
Allow Cost Budget Entry Yes
(Cost) Entry Method Project by GL Period
(Cost) Resource List Labor by Job, Non-Labor by Expenditure Type
Allow Revenue Budget Entry No
Resource List for Status Reporting Labor by Job, Non-Labor by Expenditure Type

Fremont Corporation also defines a new project type for research and development projects.

Name R & D
Class Indirect
Service Type R & D
Description Projects for research and development
Costing Information
Burdened Yes
Schedule Labor Burden Only
Allow Schedule Override Yes
Budget Control
Allow Cost Budget Entry Yes
(Cost) Entry Method Project by GL Period
(Cost) Resource List Labor by Job, Non-Labor by Expenditure Type
Allow Revenue Budget Entry No
Resource List for Status Reporting Labor by Job, Non-Labor by Expenditure Type

Capital Project Types

Fremont Corporation's implementation team defines these capital project types:

Fremont summarizes all CIP costs by expenditure category for capitalization in Oracle Assets, and requires that all asset information be specified in Oracle Projects before interfacing costs to Oracle Assets.

Fremont Corporation's implementation team defines a project type for product development in which they capitalize the burdened costs for the project work.

Name Product Development
Class Capital
Service Type Lab Work
Description Product development projects for which costs are burdened, and later capitalized
Costing Information
Schedule Internal Costing
Allow Override Yes
Budget Control
Allow Cost Budget Entry Yes
(Cost) Entry Method Top Task by PA Period
(Cost) Resource List Labor by Job, Non-Labor by Expenditure Type
Allow Revenue Budget Entry No
Resource List for Status Reporting Labor by Job, Non-Labor by Expenditure Type
Capitalization Information
CIP Cost Type Burdened
CIP Grouping Method Expenditure Category
Require Complete Asset Definition Yes

Fremont Corporation's implementation team defines a project type for infrastructure improvements, which involve work on their buildings. They capitalize the raw costs of infrastructure projects.

Name Infrastructure
Class Capital
Service Type Field Work
Description Capital improvements to infrastructure.
Costing Information
Burdened Yes
Schedule Labor Burden Only
Budget Control
Allow Cost Budget Entry Yes
(Cost) Entry Method Top Task by PA Period
(Cost) Resource List Labor by Job, Non-Labor by Key Supplier
Allow Revenue Budget Entry No
Resource List for Status Reporting Labor by Job, Non-Labor by Expenditure Type
Capitalization Information
CIP Cost Type Raw
CIP Grouping Method Expenditure Category
Require Complete Asset Definition Yes

Contract Project Types

Fremont Corporation's implementation team defines these contract project types:

Fremont has many time and materials projects in which they charge their clients for the time spent performing the work and the cost of materials and expenses used in completing the project.

Name Time and Materials
Class Contract
Service Type Field work
Description Project is billed on a time and materials basis
Costing Information
Burdened Yes
Schedule Internal Costing
Allow Schedule Override No
Budget Control
Allow Cost Budget Entry Yes
(Cost) Entry Method Top Task by PA Period
(Cost) Resource List Labor by Job
Allow Revenue Budget Entry Yes
(Revenue) Entry Method Project Level by Category
(Revenue) Resource List Types by Revenue Categories
Resource List for Status Reporting Labor by Job, Non-Labor Expenditure Types
Billing Information
Funding Level Both
Labor Schedule Type Bill Rate Schedule
Organization Fremont Corporation
Schedule Standard
Non-Labor Schedule Type Bill Rate Schedule
Organization Fremont Corporation
Schedule Standard Non-Labor
Labor Invoice Format Job
Non-Labor Invoice Format Expenditure Type
Distribution Rules
Name Default
Cost/Work No
Work/Event No
Work/Work Yes

Fremont's implementation team defines a project type for fixed price contracts. Fremont's fixed price projects do not depend on the time it takes for Fremont to complete a project or the cost of the resources used to complete the project. Thus they will use the distribution rule of Cost/Event.

Name Fixed Price
Class Contract
Service Type Field work
Description Project is completed for a fixed price.
Costing Information
Burdened Yes
Allow Schedule Override No
Schedule Internal Costing
Budget Control
Allow Cost Budget Entry Yes
(Cost) Entry Method Top Task by PA Period
(Cost) Resource List Labor by Job
Allow Revenue Budget Entry Yes
(Revenue) Entry Method Project Level by Category
(Revenue) Resource List Types by Revenue Categories
Resource List for Status Reporting Labor by Job, Non-Labor by Expenditure Type
Billing Information
Funding Level Both
Labor Schedule Type Bill Rate Schedule
Organization Fremont Corporation
Schedule Standard
Non-Labor Schedule Type Bill Rate Schedule
Organization Fremont Corporation
Schedule Standard Non-Labor
Labor Invoice Format Job
Non-Labor Invoice Format Expenditure Type
Distribution Rules
Name Default
Cost/Event No

Fremont's implementation team defines a project type for cost plus projects. Fremont uses an burden schedule for internal costing, a burden schedule for labor items, and a standard bill rate schedule for non-labor items.

Fremont also specifies a billing extension for Fee to calculate fee for every cost plus project.

Name Cost Plus
Class Contract
Service Type Field work
Description Project uses cost plus processing
Costing Information
Burdened Yes
Schedule Internal Costing
Allow Schedule Override No
Budget Control
Allow Cost Budget Entry Yes
(Cost) Entry Method Top Task by PA Period
(Cost) Resource List Labor by Job
Allow Revenue Budget Entry Yes
(Revenue) Entry Method Project Level by Category
(Revenue) Resource List Type by Revenue Categories
Resource List for Status Reporting Labor by Job
Billing Information
Funding Level Both
Labor Schedule Type Burden Schedule
Revenue Schedule Cost Plus Billing
Invoice Schedule Cost Plus Billing
Non-Labor Schedule Type Bill Rate Schedule
Organization Fremont Corporation
Schedule Standard Non-Labor
Labor Invoice Format Employee
Non-Labor Invoice Format Expenditure Type
Billing Assignments
Name Default
Fee Yes
Distribution Rules
Name Default
Cost/Work No
Work/Work Yes

         Previous  Next          Contents  Index  Navigation  Glossary  Library