Asset Retirement Using a Work Order Associated with a Work Order-managed Project

When you create a work order task associated with a work order-managed project to retire an asset, there are basic setup requirements:

• Set up the work order-managed project in PeopleSoft Project Costing.

• Set up the filter rules and criteria for the Project Costing business unit.

• Set up project activity in PeopleSoft Project Costing to derive the asset identification from the work order. The user can enter the filter in the Work Order Task Accounting page, which is updated in PeopleSoft Project Costing when you perform a batch close of the work order (WM_CLOSE).

Asset retirement workflow:

1. Create a work order in PeopleSoft Maintenance Management.

2. Create a work order task in PeopleSoft Maintenance Management for a work order-managed project.

   The project activity is automatically generated.

3. Select Retire as the asset action for the work order task and select the labor, inventory, purchased and on-hand materials, and tools required for the removal, and then execute the work order task.

4. Change the work order task status to complete.

   This action updates the asset integration rules and the status for the activity in PeopleSoft Project Costing to Retirement.

   This action updates PeopleSoft Asset Management for processing asset transactions and creates staging information for PeopleSoft Asset Management to process. The retirement of the asset is completed by the PeopleSoft Asset Management transaction loader process.

5. Close the work order.

   This process triggers PeopleSoft Project Costing to send the costs of transaction related to retirement to PeopleSoft Asset Management.