Create a Project Set

Set up a project set for a joint venture definition, an ownership definition assignment rule, or a partner contribution.

You define a project set in the Project Sets application. You can also use a Microsoft Excel spreadsheet to define multiple project sets and upload them all at once from the spreadsheet to the application.

Joint venture accountants and joint venture application administrators can create and manage project sets.

To make the setup and maintenance of a project set more manageable:

• For each filter set, enter a name and description that's descriptive of the category or type of project-related transactions that you're identifying with the filter set. Filter set names must be unique across all your project sets.
• Whenever possible, use a filter with a Between or Starts With operator to specify multiple values for a project attribute. And in the same filter set, use one or more filters with an Is Not operator if you need to exclude certain values specified by the Between or Starts With. If project values added in the future meet the criteria in the Between or Starts With filter, the project values will be used automatically to identify transactions for processing.

You must set a project set to Active status before you can assign it to a joint venture definition or an ownership definition assignment rule. You can assign a project set in Editing status to a partner contribution, but the partner contribution can’t be used until the project set is set to Active status.