Overview of Project Financial Management and Grants Management Offerings

In the Project Financial Management and Grants Management business process areas, your enterprise can configure how you manage projects, including how to plan, budget, or forecast, manage awards, collect costs, bill customers, manage project templates and flexfields, and report performance.

Before you begin, use the Setup and Maintenance work area to access reports for each offering, including full lists of setup tasks, the functional areas and features that you can select when you configure the offering, and business objects and enterprise applications that are associated with the offering.

The first implementation step is to configure the offering in the Setup and Maintenance work area by selecting the offering, functional areas, and features that you want to make available to implement.

This table describes the project-related functional areas for the Project Financial Management and Grants Management offerings.

Functional Area	Description
Project Organizations	Configure how you manage project units, project classifications, organization hierarchies, and business unit options.
Project Foundation	Configure how you manage project organizations, create projects, plan project tasks, and review project details. This common foundation is shared across the Project Financial Management applications.
Burdening	Configure options used to calculate, group, and apply indirect costs to project expenditure items to report and account for the total cost of a project.
Grants Management Foundation	Configure how you create and maintain awards, award funding, and award projects.
Project Control	Configure how you monitor project execution, progress, budgeting, and forecasting.
Project Billing	Configure how you invoice customers and recognize revenue for project contracts, including contract management, intercompany billing, and the calculation of estimated taxes on invoices.
Project Costing	Configure how you collect, monitor and influence the costs associated with the delivery of the project and management of capital assets.
Project Costing - Project Costing Base	Configure how you collect, monitor, and influence the costs associated with the delivery of the project.
Project Costing - Capital Projects	Configure how you record asset costs, calculate capitalized interest, and create events to group costs and assets.
Project Billing - Project Contracts	Configure the funding and billing relationships between the external parties who require the project and the parties who deliver the project.
Project Billing - Project Billing Base	Configure how you invoice customers and recognize revenue for project contracts.
Project Billing - Internal Project Billing	Configure how you use internal invoices to share costs and revenue across projects and organizations.
Project Performance Reporting	Configure how you collect and review project performance data against defined performance areas.
Budgetary Control and Encumbrance Accounting	This enterprise-level functional area option is typically used by public sector customers. Enable this functional area if you plan to use budgetary control with or without encumbrance accounting in any part of your organization.
Project Business Intelligence Analytics	Enable business intelligence reporting and analytics capabilities for project management data.
Project Revenue and Billing Business Intelligence Analytics	Enable business intelligence reporting and analytics capabilities for project revenue and billing data.
Project Performance Business Intelligence Analytics	Enable business intelligence reporting and analytics capabilities for project performance data.
Project Control and Costing Business Intelligence Analytics	Enable business intelligence reporting and analytics capabilities for project control and costing data.
Project Accounting	Configure subledger accounting and set up subledger accounting rules for Project Financial Management.

The following functional areas are also in the Project Financial Management and Grants Management offerings, but aren't unique to these offerings:

• Initial Users

• Enterprise Profile

• Legal Structures

• Financial Reporting Structures

• Organization Structures

• Workforce Structures

• Users and Security

• Transaction Tax

• Transactional Business Intelligence

Optionally, create one or more implementation projects for the offerings, functional areas, and features that you want to implement first, which generates task lists for each project. The application implementation manager can configure the task list and assign and track each task.

This table lists the group of tasks that are available to you when you enable all functional areas and features.

Task List	Description
Define Initial Users for Project Financial Management	Populate the product tables with the users and roles held in LDAP and then create and provision job and data roles for the initial users.
Verify Grants Management Offering Implementation Status	Verify that the implementation status of the Grants Management offering is set to In Progress or Implemented. The implementation status enables the grants functionality throughout Oracle Fusion Project Portfolio Management applications.
Define Enterprise Profile for Project Financial Management	Access your enterprise organization, such as legal entities, legal jurisdictions and authorities, and business units, and specify their use in Project Financial Management applications.
Define Financial Reporting Structures for Project Financial Management	Define the accounting configuration and chart of accounts that serve as a framework for how financial records are maintained for an organization.
Define Organization Structures for Project Financial Management	Configure business units for controlling transactions and workforce structures for managing the enterprise.
Define Project Organizations	Manage the organizations that own, control, or contribute to projects, including the project units and the project and business unit implementation options used by Project Financial Management.
Define Users and Security for Project Financial Management	Define and assign security policies and data roles to enable users to perform functions related to their job roles.
Define Project Foundation Configuration	Configure all foundation components for creating and maintaining projects in Oracle Fusion Project Portfolio Management.
Define Project Control Configuration	Configure Oracle Fusion Project Control to monitor project execution, progress, budgeting, and forecasting.
Define Project Costing Configuration	Configure Oracle Fusion Project Costing to collect, monitor, and influence the costs associated with the delivery of the project.
Define Project Billing Configuration	Configure Oracle Fusion Project Billing to invoice customers and recognize revenue for project contracts.
Define Project Performance Reporting Configuration	Configure Oracle Fusion Project Performance Reporting to collect and review project data against defined performance areas.
Manage Project Templates	Manage templates to quickly create projects that share common features, attributes, and options.
Define Budgetary Controls for Project Financial Management	Configure the applicability of budgetary control on various business process flows, and set up the business rules to enforce budgetary control.
Define Subledger Accounting Rules for Project Financial Management	Configure subledger accounting and set up subledger accounting rules for Project Financial Management.
Define Transactional Business Intelligence Configuration	Define the configuration for Oracle Transactional Business Intelligence to enable business intelligence reporting with the Oracle Fusion Applications.

Alternatively, you can use the rapid implementation feature to set up the Project Financial Management or Grants Management offerings by populating and loading the Rapid Implementation for Project Financial Management Applications macro-enabled Excel spreadsheet. This spreadsheet has a worksheet for key setup object or group of setup objects. The setup includes key business objects and tasks such as, resources, burdening, and subledger accounting. The Setup and Maintenance work area has a specific task list for rapid implementation. The Define Project Financial Management Configuration for Rapid Implementation task list includes tasks to download a new spreadsheet and to load the setup data. For more information on the rapid implementation feature, see the chapter Rapid Implementation of Project Financial Management Applications in the Oracle Project Portfolio Management Cloud Implementing Project Financial Management guide.

This table lists the Rapid Implementation tasks included in the Define Project Financial Management Configuration for Rapid Implementation task list.

Task	Description
Create Project Financial Management Setup Data	Use this task to download the rapid implementation spreadsheet. After downloading the rapid implementation spreadsheet you can start entering your setup data.
Load Project Financial Management Setup Data	Use this task to load the setup data into the application.

After uploading the spreadsheet, the Project Financial Management or Grants Management application is fully configured and ready for you to create project templates and to enter transactions. You can upload the spreadsheet multiple times during the initial implementation until your setup is finalized.

Refer the following guides for more information:

• Securing ERP

• Implementing Common Features

• Using Functional Setup Manager