Update 23C
Revision History
This document will continue to evolve as existing sections change and new information is added. All updates appear in the following table:
| Date | Module | Feature | Notes |
|---|---|---|---|
| 23 FEB 2024 | Billing and Revenue Management | Bill Transaction Creation on Cost Import | Updated document. Revised summary information. |
| 02 JUN 2023 | Created initial document. |
Overview
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Project Management
Billing and Revenue Management
Additional Cost in Project Currency Sources for Project Process Configurators
Use the project process configurator to calculate revenue based on cost amounts converted to the project currency. Project currency sources can help avoid significant effects of currency fluctuations in ledger currency sources, where the ledger currency is more volatile.
Bill Transaction Creation on Cost Import
Creation of bill transactions on cost import enables reporting on unbilled amounts, also known as work in progress, or WIP, without the need to generate draft invoices or recognize revenue. This avoids recognizing revenue on costs more frequently than accounting requires, and also removes the need to iteratively create and recreate draft invoices prematurely. Prior to release 24B this feature is under controlled availability and requires a Service Request to be logged through My Oracle Support. Support will then provide you with a promotion code enabling you to unlock and opt into the feature using Setup and Maintenance. From release 24B onwards, the feature is generally available and can be opted in without needing to log a Service Request or enter a promotion code.
Display Header and Footer on Downloaded Word Document
You can add images, logos, and contract attributes such as the contract number, contract type, party name and so on, to the header or footer of your layout template. If you download the contract to Microsoft Word in DOCX format, the header and footer content is now displayed which provides contextual information to easily identify to which contract the document relates. This improves the consistency of the contract when viewed across different formats such as RTF, Word, or PDF.
Cost Management and Control
Project Accounting Period Close Warnings Removal
Efficiently manage the close of both accounting and project accounting periods by validating and reporting only for errors as part of the period close process. Improvements made to existing exception reporting tools allows for easy and continuous monitoring of exceptions anytime during or without the period close.
Project Cost Transfer to New Project Role Using a REST Service
Update the project role associated with a project cost using the Project Costs REST service. Perform this adjustment using the custom operation adjustProjectCosts. Retroactively transfer a project cost from one project role to another, remove a project role, or add a project role. View the adjustment details, such as adjustment status, and when and by whom the adjustment was made. Review payload examples for the Project Costs service in the REST API for Oracle Project Portfolio Management Cloud guide.
Project Cost Split Using a REST API
Split project cost adjustments using the Project Costs REST API. This feature extends capabilities to build comprehensive integrated solutions for managing project costs, such as creating workbooks using the Oracle Visual Builder Add-in for Excel.
Grant Management
Burden Indicator Toggling for Internal Funding Source on Award
Enable or disable burdening for internal funding sources, even if the award is budgeted or has transactions. This flexibility allows for quickly correcting data entry errors, thus ensuring new costs are reported accurately. Adjust previous costs manually for accurate reporting.
Consistent Treatment of Amount for Award Funding and Budgeting
Display and store the award funding amount and budget amount for sponsored projects according to the precision defined for the award currency. Use the half-up rounding rule consistently for both the award funding amount and budget amount.
Planning, Scheduling, and Forecasting
Common Resource Rates for Task Assignments Across Work and Financial Planning
Manage project plans using the common source of truth for resource rates. This allows project managers to estimate the cost and bill amounts of the projects and tasks with improved accuracy. For example, as project managers plan tasks, the application derives the cost and bill rates using the task start and finish dates instead of the general rates derived at the project level. As a result, the rates are more precise, thus helping in determining project projections for cost and revenue accurately.
Resource Replacement Across Multiple Financial Plan Lines
Project managers and project administrators can replace resources on budgets, award budgets, or forecasts to keep their financial plans up to-date. For example, originally a project role was used to create a high-level plan and the same can be replaced by a specific named person. Previously, replacement was line-by-plan line, but now project managers and administrators can replace across plan lines with a single action. Optionally, a partial replacement from a specific period and later is also possible.
Task Date Rollup to Project Dates Across Work and Financial Planning
Automatically roll up task dates to project dates across work and financial planning based on the task settings, thus eliminating the manual maintenance of the project dates separately. For example, plan task dates outside of the project dates and select the Update Financial Project Plan and Progress action to update the financial plan. If the Automatically roll up task planned dates task setting is enabled in the project plan type settings, then project dates automatically align with task dates based on the work planning.
Program Management and Reporting
Graphical Program Headlines with Project Performance Trends and Insights
Gain performance insight for projects in programs through a graphical display of measures and trends. Evaluate metrics such as margin, revenue, earned value, and cost across different projects. Track action plan status and overdue action items on Program Headlines using the detailed list and graphical comparison by status.
Resource Management
Visual Resource Planning and Scheduling
Create new assignments and events and adjust assignment schedules using the interactive resource Gantt chart. Review and manage multiple resource schedules across projects. Drag and drop scheduled assignments and events to extend, shorten or reschedule. Resource managers get a clear picture of resource assignments and events and can adjust to immediately see the impact of the changes in the resources' schedules.
Resource Assignment Scheduling Rules
Configure resource assignment scheduling rules based on business requirements. Project application administrators can select options to prevent resources from being assigned above their capacity and ensure that assignment and request dates are within the project date range.