Prerequisites

For project assets to be eligible for the Express Retirement process, you must:

• Select the Work Order Managed option for the project, and change the project processing status to Active, on the Project Definition - General Information page.

  This check box becomes unavailable when you save the Project Definition - General Information page and an activity is associated with the project. If an activity is not associated with the project, and you save the page, the field remains open and available.

• Establish express asset filter criteria for the business unit on the Express Asset Filter Criteria page.

• Select Derive from Work Order Task for the project in the Asset Identification group box on the Asset Integration Rules page.

• Accumulate costs in PeopleSoft Project Costing directly (using online transaction entry) or indirectly (from feeder systems such as PeopleSoft Payables, Expenses, and Inventory).

  Note:

  Transactions that the PeopleSoft Expenses application sends to PeopleSoft Project Costing do not contain work order-related field values, such as work order business unit, work order ID, work order task ID, work order resource type, and work order line number. Therefore, the Express Asset Retirement Integration process does not include transactions that originate in the PeopleSoft Expenses application unless you manually update the work order-related field values on the transactions in PeopleSoft Project Costing.