How Budgets and Forecasts are Copied
You can create a project either based on a project template or an existing project and copy existing financial plan versions. You can select a financial plan version and copy to the new project.
Copy Financial Plan Versions
When you're creating a project, the following parameters determine what and how financial plan versions are copied.
Parameter |
Impact |
---|---|
Calendar type |
Calendar type: Whether financial plan types use the accounting calendar, project accounting calendar, or none |
Creation source and version status |
Whether the project is created from a project template or another project, and the status of the financial plan version in the source |
Status |
Whether the financial plan is in any of the following statuses:
|
For financial plan types that support cost and revenue in separate plan versions, both cost and revenue versions are displayed and are available for selection separately, based on their status.
Status When Financial Plan Versions Are Copied
Let's see what happens when you create a project from another project. Irrespective of the version status in the source project, the financial plan versions are created in Current Working status.
When you create a project from a project template, then you use template as the source, then you can select one of the following options to copy a current baseline budget version:
-
Copy the selected version as the current working version.
-
Copy the selected version as current baseline version and as current working version. That is, create two versions in the new project.
Here are some more details about copied version information:
Aspect of Version |
Details |
---|---|
Generation and copy sources |
If the copied financial plan version was originally generated or copied from another source, those details are copied over to the new project. However, if the version was generated or copied from another financial plan version that you didn't select to copy, then source information is deleted even though the budget or forecast creation method remains unchanged. |
Actual amounts |
Actual amounts for forecast versions aren't copied to the new project. Estimate-at-completion (EAC) amounts are copied over as estimate-to-complete (ETC) and actual amounts are set to zero. |
Period information |
When you copy financial plan versions that use an accounting or a project accounting calendar, then periods for the versions created in the new project are based on the periods of the target project and task start dates. If the source project or template doesn't have a date or you haven't entered a start date for the target project, then periods are copied to the new financial plan version without adjustment. However, if both the source project or template, and target project have start dates, then Oracle Fusion Cloud Project Management performs the following actions:
For example, assume your projects have the following start dates:
If the financial plan version in the source project contains plan amounts for periods SEP-2010, OCT-2010, and DEC-2010 (assuming monthly periods), then the financial plan version in the new project will contain amounts in DEC-2010, JAN-2011, and MAR-2011. Oracle Fusion Cloud Project Management assumes that all periods are equal. If your periods are different lengths, then you must review plan amounts in the new financial plan version and update them as required. |