Update 23A

Revision History

This document will continue to evolve as existing sections change and new information is added. All updates appear in the following table:

Overview

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Project Management

Project Management Common

Get News Feed Suggestions On Your Next Likely Actions

Get suggestions on your next likely actions in your news feed layout. This feature is currently in Controlled Availability and is available in Oracle Fusion Cloud Financials and Oracle Fusion Cloud Project Management. Artificial intelligence and machine learning algorithms predict and suggest the actions each user is most likely to take during a session. The algorithms use historic navigation behavior and patterns of each user and users like them to determine which navigation target they’re most likely to visit.

Billing and Revenue Management

Automatic Release on Approval of Project Contract Invoice

Automatically release project contract invoices on approval using Workflow or the user interface. Skip the manual release invoice step and move project contract invoices through to Receivables faster.

Increased Limit in Assigned Project Process Configurators for a Revenue or Invoice Method

Assign more process configurators to a revenue or invoice method, which then get automatically assigned to any new revenue or bill plans created with that revenue or invoice method. Combine more process configurators to meet unique business needs.

Project Contract Invoice Update Using a REST API

Update attributes in the project contract invoice header and line that are editable in the UI using a REST API. In addition, a number of additional attributes are now available when retrieving invoice details, including bill to customer, submitted by, and project information, as well as the invoice acceptance date and net invoice indicator.

Cost Management and Control

Apply Budgetary Control on Internally Sourced Requisitions Expensed to Projects

Check for funds availability and reserve funds against control budgets when you raise internally sourced requisitions that are expensed to projects.

Budget Account Derivation for Cost Adjustments

Use Budget Account Transaction Account Definition to rederive the budget account for cost adjustments. Doing so ensures the transaction is validated correctly and the ledger-based control budget displays accurate balances when costs are transferred from one project or task to another, and the project or task determines one or more segments in the control budget.

Rounding Rule Changes to Display of Rounded Currency Amounts of Project Costs

View rounded values of currency amounts in project costing pages and reports according to defined currency precision and rounded using the half up rounding rule. Previously the project costing pages and reports displayed rounded amounts using a half even rounding rule. In order to provide a consistent user experience for display of rounded amounts with the default half up rounding rule used by subledger accounting, project costing pages and reports will follow the half up rounding rule for displaying rounded amounts. For example, an unrounded value of USD 2.905 will now be displayed rounded, as USD 2.91.

Planning, Scheduling, and Forecasting

Actuals Reported at Level Planned on Task Hierarchy

Project actual costs or revenue for resource assignments are reported at the level planned on the task hierarchy. For example, Actuals incurred at the lowest level task are reported against the task where the resources are planned. Planning is more flexible since project costs and revenue can be tracked against the summary level plan without having any unplanned assignments at the lowest level task.

Additional Payload Attributes for Project Status Workflow

Create advanced project status workflow approval rules based on the attributes of related business objects, providing greater control when transitioning a project through the status lifecycle. For example, create a project status approval rule which evaluates whether an approved cost budget exists prior to allowing a project to become active.

Financial Project Plan Updates Using File-Based Data Import

Update existing financial project plans using File-Based Data Import, or FBDI. For example, end date resource assignments across multiple tasks at the same time and add new assignments as the staffing plan for the project changes.

Manually Entered Revenue Amounts Retained on Financial Plans

Changes to quantity, raw cost, or burdened cost do not change manually entered revenue amounts. Also, when refreshing rates, the revenue isn’t recalculated based on the rate derivation logic to fetch rates from rate schedules defined in plan settings when the revenue calculation method is set to Manual entry. This gives priority to manual entry regardless of the need to update or refresh other parts of the plan.

Project Forecasts with Periodic Columns, Advanced Resource Selection, and Multiple Version Views

Expedite project forecasting with an updated user interface that matches the latest experience already available in project budgeting. Changes include a periodic column layout for forecast lines, revised selection of resource assignments that includes profile images and selection of multiple transaction currencies, and a revised versions page that includes both a table and list view. The benefit with the new user interface is an easier management of periodic information on the forecast lines.

Work Item Planning for Innovation Management Proposals Using the New Project Planning User Experience

Plan for Oracle Innovation Management proposals using the new planning user experience. Set task completion criterion for each work item to automatically mark the task as complete when all associated work items meet their criteria.

Project Asset Management

Project Asset Line Retrieval Using a REST API

Retrieve project asset lines and asset line details using a REST API. For capital projects, often large numbers of project assets exist and this REST API facilitates accessing the data for reporting and integration purposes.

Project Management

Common Rates for Project Labor Resources Across Financial and Work Planning

Plan labor resources in Manage Project Resources using the common source of truth for resource rates. This allows project managers to estimate the cost of project labor resources with improved accuracy earlier in the planning phase. For example, rather than manually maintaining the resource rates in Manage Project Resources, use the resource rates as defined in the rate schedules or project overrides.

Resource Prevalidation when Exporting Projects from Microsoft Project to Project Management

Export projects from Microsoft Project into Project Management only when all the resources included in the file exist in Project Management. If resources don't exist as project enterprise resources, then the process stops the export and reports the issues.

Resource Management

Enhanced Talent Profile for Project Resource Requests and Fulfillment

Use the Enhanced Talent Profile in Project Resource Management. Project Resource Management supports multiple content sections for each content template that it tracks for resources (Competency, Language, Membership, Education, Honor, Certification). Select specific content sections to use in requests and in the evaluation of resources to fulfill those requests.

Program Management and Reporting

Program Action Plans and Issues

Create action plans for the stakeholders and the project managers to track issues, escalations, and change requests. The program managers can devise corrective paths, program wrap-up, retrospectives, mitigation, and resolution through action plans.

Program Management Enhancements for Reporting and Stakeholder Communication

Manage the reports and content for your business communication needs to support different report formats and download options. Program Managers can share the program's health status as a PDF for better collaboration with the stakeholders.

Grant Management

Award Funding Amount Updates on Contract

Propagate the funding amount updates to the contract lines seamlessly as and when receiving funding amount modifications from sponsor. This eliminates the need to navigate to Contracts work area and manually amend, update, and resubmit the contract.

Multiple Accounts and Letters of Credit for Sponsor

Associate multiple customer accounts for a sponsor such that the letter of credit number can be defined for each account. The letter of credit number for a sponsor account is important for accurate reimbursement from sponsor. Also, this avoids creating different sponsor records for different customer accounts.

Project Cost Distribution Using Award Funding Patterns

Define funding patterns to distribute project costs to awards and funding source combinations. Specify an expenditure item date range and task level to apply distribution rules that automatically split sponsored project costs. Automating the distribution throughout the procure-to-pay lifecycle ensures charging accuracy and removes the need to manually enter the award charging instructions. Grants administrators manage the funding patterns to ensure proper cost distribution throughout the duration of the sponsored project.