You can integrate the EPM Planning Projects module (Projects) and Oracle Fusion Cloud Project Management (Project Management) to perform organizational planning and budgeting and to execute projects. Develop your strategic corporate plan and budget using EPM Planning Projects and execute and collect costs for approved projects using Project Management. Actual costs are then included in budget analysis, forecasting, and re-planning using EPM Planning Projects.
With this two-way integration, you typically use EPM Planning Projects to develop new projects, create project budgets, and do overall project planning. Then, use Project Management to capture actuals. Bring in the actuals to EPM Planning Projects for budget variance analysis.
With this integration, the same Indirect and Capital projects are visible in both EPM Planning Projects and Project Management depending on the cadence of the synchronization. The capabilities include:
Transfer projects and budgets created in EPM Planning Projects to Project Management. The strategic budget is created in Project Management as a baseline budget at the resource class level.
Use the budget approval validation to validate the detailed budgets created by project managers vs. the strategic budgets created in EPM Planning Projects (Optional).
Transfer actual cost amounts from Project Management to EPM Planning Projects at the resource class level.
Transfer re-planned budgets from EPM Planning Projects to Project Management at the resource class level.
You use Data Management and Data Integration to drive the integration of data between EPM Planning Projects and Project Management. Data Management and Data Integration provide an out of box solution that enables EPM Planning Projects customers to apply predefined mappings from the Project Management data model to target dimensions. You can also customize and extend these integrations, for example, by applying other mappings as needed to meet your business requirements.
For more information see Integrating EPM Planning Projects and Project Management.