Project Management

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  • Lukas Oleksiak
    % spent revenue and cost1
    Topic posted November 15, 2019 by Lukas OleksiakGreen Ribbon: 100+ Points, tagged Project Billing & Revenue, Project Contracts, Project Costing 
    Title:
    % spent revenue and cost
    Summary:
    How to stop revenue being recognised for a particular cost transaction?
    Content:

    Hi there,

    I have the following use case:

    We are delivering a project and are using % spent revenue recognition method within the contract. We are funding a set of tasks via Contract Lines.

    We use Project Budget to calculate the % spent revenue recognition to provide Oracle with the Total Planned Cost.

    Against the funded tasks we incur some costs, which legitimately should not contribute/count towards out %spent revenue recognition. I notice that against a cost transaction we can set Revenue to Hold Until Released. I have used it but it made no difference to my revenue when using % spend. I believe it only applies if Revenue Plan = Rate Based.

    Is there any mechanism to set cost transactions as non-revenue contributing when using % spent revenue plan?

    Version:
    Oracle Cloud R13 19D
  • Kim Puls
    19A - ALLOW UPDATES TO ASSOCIATED PROJECTS WITH BILLING...5
    Topic posted February 8, 2019 by Kim PulsSilver Medal: 2,000+ Points, tagged Grants Management, Project Contracts, Project Management 
    Title:
    19A - ALLOW UPDATES TO ASSOCIATED PROJECTS WITH BILLING TRANSACTIONS
    Summary:
    We have opted in but can't find this functionality - please advise.
  • Brian Burns
    A/P Invoice Lines Not Reserved Against the Project Control...5.0
    Topic posted September 26, 2019 by Brian BurnsBlack Diamond: 60,000+ Points, tagged Payables, Project Billing & Revenue, Project Contracts, Project Costing, Project Management, Project Management Mobile, Project Performance Reporting, Project Planning & Scheduling, Project Planning, Budgeting, & Forecasting, Project Resource Management 
    Title:
    A/P Invoice Lines Not Reserved Against the Project Control Budget
    Summary:
    For some reason there are A/P Invoices lines with the right project selected but they are either in Budget Status "not applicable" or "unreserved". Is there a way to correct this?
    Content:

    We use projects as a way to control spending so we set up multiple Projects and have budgetary control turned on at the Project level only. We are not using G/L budgetary control do date and do not load G/L Budgets.

    One issue we have is that there are invoice lines that have the correct Project selected but for whatever reason, the system did not reserve the funds against the control budget. Those invoices are validated, paid, and accounted. This has happened throughout the life of us using Projects.

    Has anyone come across this issue? And if an invoice line isn't reserved against the Project Control budget is there anyway to correct it so the Project balance shows the correct balance?

    We don't bill or invoice from projects module and we only code invoices to the projects through A/P invoices module.

     

    Thank you,

    Brian Burns

  • Durga Prasad Mohapatro
    Advance and Retention Functionality in Oracle PPM Cloud2
    Topic posted December 11, 2018 by Durga Prasad MohapatroSilver Medal: 2,000+ Points, tagged Project Billing & Revenue, Project Contracts, Project Management 
    Title:
    Advance and Retention Functionality in Oracle PPM Cloud
    Summary:
    What is Oracle's plan/roadmap to cater to E&C clients on this major functionality gap
    Content:

    In E&C, all clients are use 'Advance and Retention'. This requires handling of advance paid and retention by customer. These features are a part of EBS oracle project billing. But missing in Oracle Fusion Project Billing.

    Let's use this thread to share our knowledge on Oracle's plan/roadmap and solution alternatives/work arounds.

  • Michelle Swisher
    Attribute TaskName1 error when entering a Project...4
    Topic posted November 6, 2019 by Michelle SwisherBlue Ribbon: 750+ Points, tagged Grants Management, Project Billing & Revenue, Project Contracts, Project Costing, Project Management 
    Title:
    Attribute TaskName1 error when entering a Project Transaction online
    Summary:
    Attribute TaskName1 error when entering a Project Transaction online
    Content:

    We are sometimes receiving the attached error message when entering a new project transaction online.  Has anyone else received this error?  Here at KU we don't have multiple tasks per project.  Any help would be much appreciated.

     

    Thanks,

    Michelle

    Version:
    R13 19D
    Image:
  • Satya Sundararajan
    Automatic Invoice/Revenue Generation4
    Topic posted July 23, 2019 by Satya Sundararajan, tagged Capital Projects, Grants Management, Other, Project Billing & Revenue, Project Contracts, Project Costing, Project Management, Project Management Mobile, Project Performance Reporting, Project Planning & Scheduling, Project Planning, Budgeting, & Forecasting, Project Resource Management, Public Sector, Security, Task Management, Tip, Upgrade, UX 
    Title:
    Automatic Invoice/Revenue Generation
    Summary:
    Automatic Monthly Invoicing - fixed dollar
    Content:

    Hi, we have a requirement where the customer wants to generate fixed dollar invoice each month. The project duration could be 5 years and it will be a difficult step to create manual event each period across projects. is there a better way to handle this situation based on an amount based bill plan?

     

    Version:
    19C
  • Amit Mishra
    Automatic Revenue recognition over a period of timeAnswered4
    Topic posted July 22, 2019 by Amit MishraRed Ribbon: 250+ Points, tagged Other, Project Billing & Revenue, Project Contracts, Project Management 
    Title:
    Automatic Revenue recognition over a period of time
    Summary:
    Is there a feature available in Project billing where the revenue amount on an billing event be automatically recognized based on the provided number of periods?
    Content:

    Hi All,

    Has anyone come across a situation in contract project billing where we need to recognize revenue on a contract over a period of time e.g. create a billing event of $12K today, however, the revenue has to be recognized in next 12 months and not immediately? Our scenario is kinda simple where we bill the customer in a lump sum at the beginning of the year but revenue has to be recognized per the revenue recognition schedule. I understand that one way could be to pre-create as many billing events (either manually or FBDI upload) with the respective revenue recognition amount and future completion date to recognize the revenue every period, however, I was more interested in knowing about any other automated way instead of setting up the events beforehand.

    Also, I know there is revenue recognition schedule functionality by accounting period in Receivable module, will that work for contract/project revenue?

    Any help would be appreciated.

    Thanks/Amit

     

    Version:
    19B
  • Kim Puls
    Award/Project home organization change3
    Topic posted December 17, 2018 by Kim PulsSilver Medal: 2,000+ Points, tagged Capital Projects, Grants Management, Project Billing & Revenue, Project Contracts, Project Costing, Project Management, Project Performance Reporting 
    Title:
    Award/Project home organization change
    Summary:
    R13-18C can an award/project organization be changed after setup?
    Content:

    We have an award/project that was setup with the incorrect home organization. There have been no expenditures charged to the project as of today. I can see that I can change the home org however it that something we should be do? Is it something that can be done only if no expenses have been charged to the award/project?

    Thanks - Kim

    University of Wyoming

    Version:
    R13-18C
  • Durga Prasad Mohapatro
    Bidding and general Engineering Expenses not included in...2
    Topic posted October 2, 2018 by Durga Prasad MohapatroSilver Medal: 2,000+ Points, tagged Project Billing & Revenue, Project Contracts 
    Title:
    Bidding and general Engineering Expenses not included in Contract
    Summary:
    Bidding and general Engineering Expenses not included in Contract
    Content:

    We have a contract for construction.This contract is only for the construction. But, we have already spent some $$ to get this project. This expense is not part of the contract. Now How/where do we capture this cost?

    Lets say we create a contract project, then the cost and revenue budget, and the contract amount are for the construction related only.

    Can we add the pre-construction costs that were used for Bidding and general engineering in the contract project plan?

    What is the best way to handle it in PPM?

    Thanks

    Version:
    R13 18B
  • s nagavarapu
    Billing based on a multiplier rate5
    Topic posted March 21, 2019 by s nagavarapuRed Ribbon: 250+ Points, tagged Project Billing & Revenue, Project Contracts, Project Costing 
    Title:
    Billing based on a multiplier rate
    Summary:
    Will Fusion accommodate a project-specific multiplier table which grosses up OTL input hours?
    Content:

    We’re a project-based professional services firm that contracts on both fixed price and T&M. We want to in essence burden the hours worked on T&M jobs by grossing up the hours on a sliding scale depending on the total daily hours worked per person on the particular projects. The firm uses OTL for time keeping.

    Eg: In a day if the no of hour entered are less than 3 hours one rate should be applied and if more than 3 upto 5 hours on rate and more than 5 one rate.

    Ours is a SaaS instance.  Any workarounds / pointers would to achieve this requirement would be highly appreciated.

     

    Thanks

    Version:
    R13 19A Update