1. Implementing Joint Venture Management
  2. Before You Set Up Project Overrides

Before You Set Up Project Overrides

You are strongly encouraged to work with a project accountant to confirm that the override values are appropriate and that you understand their impact on Project Costing.

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

Also, check that the Work Breakdown Structure is set up so that the roll-up for asset creation is not affected by the overrides.

If possible, Oracle recommends that you set up project 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 to help ensure consistency and accuracy in budgeting and forecasting.