1Overview

This chapter contains the following:

Implementing Project Financial Management and Grants Management : Overview

To start implementation of Project Financial Management and Grants Management, a user with the Application Implementation Consultant role (ORA_ASM_APPLICATION_IMPLEMENTATION_CONSULTANT_JOB) must opt into the offerings applicable to your business requirements. Refer to the Oracle Applications Cloud Using Functional Setup Manager guide to manage the opt-in and setup of your offerings.

Project Financial Management and Grants Management Offering

Use this offering to configure how you manage projects, including how to plan, budget, forecast, manage awards, collect costs, bill customers, and report performance.

The following table specifies the primary functional areas of this offering. For the full list of functional areas and features in this offering, use the Associated Features report that you review when you plan the implementation of your offering.

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.

Refer the following guides for more information:

  • Securing ERP

  • Implementing Common Features

  • Using Functional Setup Manager