Project Execution and Control

After you freeze the budget, you begin the execution and control phase of the project. During the execution stage, you complete work orders on the shop floor and collect the actual material, labor, and machine costs that you incurred in producing the project end items. Project accounting depends on whether the project has an interface with the JD Edwards EnterpriseOne Job Cost system.

You can also revalue work-in-process inventory for the actual costed items in the project. You can use the Rollup of Actual Cost to Workbench program (R31P301) to roll up the actual cost reported to the corresponding cost buckets on the workbench, based on the cost classification scheme that you set up for the project. The rollup keeps the actual cost information in the Project Workbench program (P31P001) current, which enables you to track any variances between budgeted and actual costs.

You receive and pay for the items that you purchased as components or resale items. If you use the JD Edwards EnterpriseOne Job Cost system and you use services and contracts for the project, you can take advantage of that system's integration with the JD Edwards EnterpriseOne Contract and Service Billing systems.

JD Edwards EnterpriseOne Engineer to Order also provides several reports, such as the Project Schedule report (R31P400) and the Project Cost report (R31P401) that you can use to manage project information. If you are using the JD Edwards EnterpriseOne Job Cost system with JD Edwards EnterpriseOne Engineer to Order, you can also use JD Edwards EnterpriseOne Job Cost reports to track budget information and analyze profitability.