How can I create a project asset?

Use project assets to manage asset details for project-related activities, such as asset allocation, asset line grouping, and so on. Project assets do not represent actual assets; Oracle Assets assets do that.

You can assign project assets to tasks and gather task-related costs. You can then group these costs into asset lines that will be assigned to these project assets.

Asset lines are created as follows:

• All project costs associated with tasks that are dedicated to a specific asset automatically get assigned to that asset.
• Project costs associated with tasks that are dedicated to more than one asset are split into multiple asset lines depending on the asset cost allocation method specified for the project.
• Common project costs are split into multiple asset lines depending on the asset cost allocation method specified for the project.

You can create project assets using either the Projects > Assets UI. You can also use the Project Financial Management UI for this purpose. Apart from these options, you can also use file-based data import, ADF Desktop Integration (ADFdi) sheets, or the projectAssets REST API.

Creating a Project Asset Using the Projects > Assets User Interface

To create a project asset using the Projects > Assets UI:

1. Navigate to Projects > Assets.
2. Click Manage Capital Projects from the side panel in the Assets Overview page that appears.
3. Search and select the project for which you want to create the asset.
4. Click Actions > Manage Capital Assets.

5. Select the row above which you want to list the new project asset and then either click Actions > Add Row or click the Add Row icon at the top of the Project Capital Assets table. This adds a row for a new project asset above the row you selected.

   You must now provide details for the project asset you added.

6. Enter the Asset Name and click the Project Asset Type field to specify whether the costs associated with the asset are estimated or as-built.

   Note: You must select As-built in this field if you intend to use asset cost allocation methods to allocate costs associated with this asset across tasks.

7. If you chose As-built as the project asset type, use the Actual In-Service Date to specify the date by which you plan to have the asset ready for use. This date can be in the current or a prior accounting period.

Note:

• You must specify an actual in-service date for a completed asset in order to interface the asset to Oracle Assets.
• You cannot change this date after you place the asset in service in Oracle Projects.