1. Implementing Joint Venture Management
  2. Before You Set Up Task and Expenditure Type Overrides

Before You Set Up Task and Expenditure Type Overrides

If adding a task override, make sure that the overriding task is defined in all relevant projects and project templates in Oracle Fusion Cloud Project Management.

Also, you should make sure that the Work Breakdown Structure is set up so that the roll-up for asset creation is not impacted by the overrides.

If possible, Oracle recommends that you set up task and expenditure type overrides at the beginning of your implementation. This helps to ensure that the application applies the overrides to all cost adjustments from Oracle Joint Venture Management. If you set up overrides in the middle of a project that's in progress, take these additional steps:

  • Plan the setup so that you can easily identify which Oracle Project Costing adjustments have overrides applied and which do not.

  • Ensure that all existing joint venture transactions and distributions have been processed. They should have a status of “Process complete.”

  • Update historical cost adjustments in Project Costing with the override values—task, expenditure type, or both—to help ensure consistency and accuracy in budgeting and forecasting.