Overview of Project Sets

Project sets provide an easy and flexible way to use project attributes to identify transactions for processing.

Transactions for a joint venture can be related to a wide range of projects. These transactions are recorded with project attributes including project numbers, task numbers, expenditure types, and expenditure organizations. Project sets enable you to identify transactions for processing based on these project attributes.

Note: To use project sets, you must have an Oracle Joint Venture Management integration with Oracle Project Costing. For information about the setup for this integration, see About the Oracle Joint Venture Management Integration with Oracle Project Costing Setup.

You can set up project sets for use with the following items in Oracle Joint Venture Management:

• Joint venture definitions

  Use joint venture project sets in place of distributable project values in the joint venture definition to determine which transactions to process based on their project attributes.

• Ownership definition assignment rules

  Use a joint venture project set in an ownership definition assignment rule to determine which transactions with project attributes to assign a specific ownership definition or direct billed stakeholder.

Project sets are a recommended alternative to entering individual project values in a joint venture definition or an assignment rule to identify transactions. With project sets, you can define filter criteria that contains single project values, a range of values, and values to exclude in the identification process. There’s less maintenance because you don’t need to specify each individual project value, which simplifies the setup and reduces the potential to misidentify transactions.