Highlights in User guide of Oracle Projects:-
Oracle Projects consists of three products:
• Oracle Project Costing
• Oracle Project Billing
• Oracle Personal Time and Expense
Oracle Project Costing
With Oracle Project Costing, you can:
• Enter projects and tasks. You can define chargeability control to
limit charges to your projects and tasks
• Enter cost budgets and baseline them
• Track committed costs of requisitions, purchase orders, and
supplier invoices
Overview of Oracle Projects 1 – 3
• Record detailed cost transactions for timecards, expense reports,
asset usage, and supplier invoices. You can let your project
managers and staff enter their timecards and expense reports
directly for online approval using Oracle Personal Time and
Expense or in pre–approved batches
• Interface costs between other Oracle Applications while
maintaining a detail audit trail
• Collect CIP costs and interface asset costs to Oracle Assets when
you are ready to place the asset in service
• Report project status online and in reports
Oracle Project Billing
• Enter project customers and contacts with whom you have
negotiated and contracted project work
• Enter agreements (contracts) from your customers and fund
projects with those agreements
• Generate revenue using various methods including time and
materials, percent complete, and cost plus
• Create draft invoices from detail transactions and milestones for
online approval by your project or accounting managers
• Interface revenue to Oracle General Ledger and invoices to
Oracle Receivables while maintaining a detail audit trail
• Report project revenue, invoice, and receivables status online
and in reports
Oracle Personal Time and Expense
Oracle Personal Time and Expense makes it easy for your employees to
record and submit their timecards and expense reports, whether they
are in your office or on the road.
