Create Project Types

Create project types to control basic project configuration options for burdening, billing, capitalization, and project categorization.

Project types are the primary classification for the projects your business manages. You must set up at least one project type to create projects.

Note: After you create a project using a project type, you can't edit the project type.

The following sections describe how you create project types.

Entering Basic Project Type Information

To create a project type:

Click Navigator > Setup and Maintenance, and search for the Manage Project Types task.
Click the Manage Project Types link.

Use the Manage Project Types page to view, create, and edit project types.
Click the Create icon to create a project type.

Use the Create Project Type page to specify basic project configuration options, such as burdening, billing, and capitalization options, and class categories, that are inherited by each project associated with the project type.
Enter a project type name and select a date from which the project type is available for use. Optionally, select a date to which the project type is available for use and enter a description.
Select the Set to which the project type is assigned.

Note: Project managers can use this project type only on project templates and projects created in business units associated with the set you select here. For additional information about set assignments, see also the Create Financial Plan Types section of this document.
Select a Work Type.

Create work types on the Manage Work Types page. Work types classify actual and scheduled work. Use work types to determine whether expenditure items are billable, classify cross-charge amounts into cost and revenue for cross-charge work, and calculate transfer price amounts.
To record burden costs on projects, select the Enable burdening check box.
To bill customers for project work, select the Enable billing check box.
To assign assets to projects, select the Enable capitalization check box.

Selecting Burdening Options

Control how burden transactions are created and accounted. If you enable burdening for a project type, you can choose to account for the individual burden cost components or the total burdened cost amount.

Navigate to the Burdening Options tab.
Select the Default Cost Burden Schedule for projects that are defined with this project type. Project managers can change this value at the project or task level.
Select the Allow cost burden schedule change for projects and tasks check box to allow a change of the default cost burden schedule when creating and maintaining projects and tasks. Don't enable this option if you want all projects of a project type to use the same schedule for internal costing.

The following table lists the decisions that you need to take for burden cost accounting.

Option Name	Decision
Include burden cost on same expenditure item	Decide if you want to include burden cost and raw cost amounts on the same expenditure item. You can store the total burdened cost amount as a value with the raw cost on each expenditure item.
Create expenditure items for burden cost components	Decide if you want to include burden cost amounts on the same expenditure item, but want to see the burden cost details. Expenditure items are created for each burden cost amount on an indirect project and task.
Project Name and Task Name	Determine the project, and optionally the task, that receives the burden cost expenditure items.
Create separate expenditure item for burden cost	Decide if you want to account for burden cost amounts as separate expenditure items on the same project and task as the raw cost.
Create burden cost accounting journal entries	Decide whether to create accounting entries for the burden costs. Note: If you select this setting, a separate journal line is created for the burden amount rather than for the total burdened amount, which is the raw cost plus the burden cost. This journal line is created independent of the raw cost journal line. Deselect this check box if burden costs are calculated for reporting purposes only and you don't want to export burdened costs to the general ledger.
Create burdened cost accounting journal entries	Decide whether you want to create a separate journal line for the total burdened cost. Caution: The raw cost may be accounted twice if separate journal lines are created for the raw cost and for the total burdened cost. You can use this option to track the total burdened cost amount in a cost asset or cost work-in-progress account.

Click Save.

Selecting Capitalization Options

Configure capitalization options to determine the options that are inherited by each project associated with that project type.

Navigate to the Capitalization Options tab.

The following table lists the decisions you need to take in the Construction in Progress section.

Option Name	Decision
Cost Type	Decide whether to capitalize costs at the burdened or raw cost amount for projects with this project type.
Asset Line Grouping Method	Decide how asset lines must be summarized. You can select All, which is the highest level of summarization, or summarize by expenditure category or expenditure type.
Asset Cost Allocation Method	Decide if you want to automatically distribute indirect and common costs across multiple assets.
Event Processing Method	Decide how assets and costs are grouped over time. You can choose to use either periodic or manual events, or no events.
Require complete asset definition	Decide if a complete asset definition is required before sending costs to Oracle Fusion Assets. You won't need to enter information for the imported asset line in Oracle Fusion Assets. The Transfer Assets to Oracle Fusion Assets process places asset lines with complete definitions directly into the Post queue in Oracle Fusion Assets.
Group supplier invoices	Decide if you want to consolidate the expenditure items on a supplier invoice into one asset line according to the asset line grouping method.

If you aren't grouping supplier invoices, select one of the following options in the Supplier Invoices section.
- As new additions: Sends each expenditure item on a supplier invoice line to Oracle Fusion Assets as a separate addition line with a status of New.
- As merged additions: Sends each supplier invoice line to Oracle Fusion Assets as a separate addition line with the status of Merged.
In the Capitalized Interest section, optionally specify a Default Capitalized Interest Rate Schedule that is inherited by projects using this project type.
Select the Allow override check box if project managers can change the capitalized interest rate schedule at the project level.
Click Save.

Selecting Classifications

Assign project classifications to group your projects according to categories and codes that you define on the Manage Class Categories page.

Navigate to the Classifications tab.
Click the Add Row icon.
Select a Class Category.
Select the Assign to all projects check box to automatically add the classification to the project definition for all new projects using this project type.
Repeat the process for each class category you want to add to the project type.
Click Save.