Upload
saleem-javed
View
58
Download
0
Tags:
Embed Size (px)
DESCRIPTION
OAUG R12 Projects Overview
Citation preview
Release 12 Oracle Projects Overview
David LipinskiSolution Architect
• Purpose:This document provides an overview of features and enhancements included in
Release 12. It is intended solely to help you assess the business benefits of
upgrading to Release 12.
•Disclaimer:This document in any form, software or printed matter, contains proprietary
information that is the exclusive property of Oracle. Your access to and use of
this confidential material is subject to the terms and conditions of your Oracle
Software License and Service Agreement, which has been executed and with
which you agree to comply. This document and information contained herein
may not be disclosed, copied, reproduced or distributed to anyone outside
Oracle without prior written consent of Oracle. This document is not part of
your license agreement nor can it be incorporated into any contractual
agreement with Oracle or its subsidiaries or affiliates. This document is for
informational purposes only and is intended solely to assist you in planning for
the implementation and upgrade of the product features described. It is not a
commitment to deliver any material, code, or functionality, and should not be
relied upon in making purchasing decisions. The development, release, and
timing of any features or functionality described in this document remains at
the sole discretion of Oracle. Due to the nature of the product architecture, it
may not be possible to safely include all features described in this document
without risking significant destabilization of the code.
Project Costing & Project Billing
Initial release - Jan 1992
Manage ProjectFinancials
ResourceManagement
May 2001
Manage ProjectResources
Manage Projects, Enable Collaboration
ProjectManagement
& CollaborationMay 2003
Manage the Right Projects
ProjectPortfolio Analysis
May 2005
Provide Enterprise Insight
ProjectIntelligence
Oct 2002
Project Accounting to Project Management
• Objectives• Scenarios• Portfolios• Project Approval
• Updates• Forecasts • Changes• Billings• Capitalization
• Progress• Documents• Issues • Actuals
• Workplans• Resources• Budget
• Exceptions• KPI’s• Reports• Accounting Closeout
GlobalProject
Repository
GlobalProject
Repository
Enterprise Project Management with Fp.MManage Full Lifecycle, For All Project Stakeholders
Project Selection & Initiation
Project Reporting & Closeout Project Planning
Project Control Project Execution
Project Intelligence
Resource Management
Accounting & OperationsCollaboration
Project
Management
ProjectInitiatives
Personalized
Role-Based Views
Global
Project
Repository
Global
Project
Repository
Integration to E-Business Suite
Oracle Projects Suite
Portfolio ManagementSalesDelivery
Research
ProductDevelopment
InformationTechnology
Construction
Marketing
Financials
HR
Time & Labor
Sales
Supply Chain
Documents
MS Project& Excel
Integration to Desktop Tools
Integrated Work, Resource, and FinancialsStreamline Planning, Execution & Control
ResourceSchedule
Rollup people resources to create team roles
Budget
Generate budget based on workplan resources*
Generate budget based on team roles
ActualsWorkplanProgress
Actuals can be used to determine progress
Update forecast based on revised budget
Update forecast based on progress (ETC, % Complete)
Update forecast based on actuals
Workplan Financial Forecast
Generate forecast based on workplan
or scheduled team roles
Performance
Analyze metrics, Comparing Actuals vs. Budget vs. Forecast
Standardize Project Creation ProcessFrom Very Simple to Complex Projects
Key Capabilities:
• Leverage project templates or past projects
• Assign resources (both labor & non-labor) at the task level
• Unlimited WBS
• Integration with Microsoft Project for Scheduling and Progress Tracking/Updates
• Track Project Deliverables
• Use workflow to streamline approvals and phase gate processes
• Email Notifications
• Audit History
• Alerts of Exceptions out of Threshold
• Configurable Process based on Type of Project, Change, Task, etc.
• Status Reports
CreateWorkplan
Approve
Publish and
Version
Workplans
WBSTemplate
DeliverablesWork
EstimatesResources
Project Creation in HTML
Get Projects into Oracle Earlier – Gain Insight Faster!
NEW World
• Project Managers create projects themselves
• PM’s plan work, budget, resources
• Standardize business processes with templates
• Workflow enable project approval processResources
Time Scope
Pla
nP
lan
Execu
teE
xecu
te
ControlControl
Forms/Old World
• Project Accounting/Finance has to create projects based on requests from Project Managers – email, paper form requests, Excel spreadsheets, etc.
Project Creation in HTMLAllow Project Managers to Request & Plan Project
Work Breakdown Structure MaintenanceFinancial Task Details in HTML
Workplan TasksAdd’l Task Details enabled with Project Management
Project Budgeting & ForecastingImprove Forecast Accuracy and Efficiency
• Generate budgets based on resource plan, workplanschedule & commitments
• Automatically create forecasts, pull in Actuals-To-Date
• Compare variances to prior forecasts
• Create ETC based on:- Earned value- Percent complete- Future budget amounts- Future resource schedule- Open Commitments- Open Change Orders
• Adjust in summary or detail, Task or Resources
• Edit in Excel
• Create and compare “what if” scenarios
• Route for Approval via Workflow
Iexplore.exe
Adjustvia Excelor Web
ActualCosts
InitialBudget
Resources
Changes
Workplan
Forecast
Forecast (EAC) = Actuals + Estimate to Complete (ETC)
Forecast EntryFlexible Planning Levels & Entry Methods
Forecast Edit in ExcelBi-Directional, for Easy Updates
Project Performance ReportingAccurately Assess Project Health and Drilldown to Root Causes
• Define, view and investigate exceptions to performance; drill down to details
• Exceptions flagged based on Business-Defined Thresholds
• Review project performance via multiple reports
- By Tasks of WBS
- By Resource Hierarchy
- By Period and Trend, Graphs
- By Currency
- Earned Value
• Rollup Program Information from Subprojects
• Schedule: Dates, Effort/Cost, Resources
• Financials: Actual, Budget, Forecast, Billings & Collections
Project
Program
Project
TasksTasksTasksTasks
Resource Resource Resource Rep
ort
at
An
y L
evel
Transactions
Performance ReportingPSI Next Generation! Self-Service Project Mgr Access
Performance ReportingBy WBS, Drilldown to Expenditures & Commitments
Performance ReportingFlexible Resource Breakdown Structure Hierarchies
Performance ReportingPeriodic Data
Invoice ReviewDrilldown, Approve Invoices Online!
Project Portfolio AnalysisAlign Organizational Goals and Resources
PlanPortfolio
PlanPortfolio
ExecutePortfolio
MonitorPortfolio
Portfolio Management
Define Standard Objectives
Determine Project Costs
and Requirements
Score and Rank All Projects
Balance Portfolio
Approve & Launch Portfolio
R12 GoalsThe Global Business Release
3
• Think Globally to make the right decisions•“I can make more informed decisions with a global view of customer / supplier / partner / operations”
• Work Globally to be more competitive•“My business will be more competitive with better support for work that crosses applications, divisions, and regions”
• Manage Globally to lower cost and increase performance
•“R12 makes it easier and less expensive for me to implement, manage, and scale global applications”
WORK GLOBALLY
To Be More Competitive
WORK GLOBALLY
To Be More Competitive
THINK GLOBALLY
To Make the Right Decisions
THINK GLOBALLY
To Make the Right Decisions
MANAGE GLOBALLY
To Lower Cost & Increase Performance
MANAGE GLOBALLY
To Lower Cost & Increase Performance
How Release 12 Projects ContributesThe Global Business Release
Subledger Accounting
Multi-Org Access Control
(MOAC)
Standardized Data Model
for MRCProgram Management
Portfolio Management XML Publisher
Fusion MiddlewarePerformance Management
Supplier Cost
Management
Subcontractor Payment
Management Uptake
Revenue in a Foreign
Currency
Oracle Projects Specific
BPEL
Release 12 Financial Initiatives
(Projects Uptake)
• Subledger Accounting Uptake
• Multi-Org Access Control (MOAC)
• Legal Entity / Ledger Architecture
• Standard Data Model for Multiple Reporting Currencies –MRC Migration
• Budget Controls and Public Sector Accounting – Funds Management
• TCA Uptake
• eTax Uptake
Release 12 Projects Initiatives
• Supplier Cost Management
• Improved Project Costing with Cash Basis Accounting
• Removal of Supplier Cost Adjustment Restrictions
• Mass Adjust Concurrent Processing
• Aids for Oracle Payables and Project Costing Reconciliation
• Flexible Derivation of Expenditure Item Date
• Subcontractor Payment Management Uptake
• Revenue in a Foreign Currency
Release 12 Financial Initiatives
• Subledger Accounting Uptake
• Multi-Org Access Control (MOAC)
• Legal Entity / Ledger Architecture
• Standard Data Model for Multiple Reporting Currencies – MRC Migration
• Budget Controls and Public Sector Accounting – Funds Management
• TCA Uptake
• eTax Uptake
• What is Subledger Accounting?
• SLA is an intermediate step between subledger products and the Oracle General Ledger
• Journal entries are created in Subledger Accounting and then transferred to Oracle General Ledger
• Each subledger transaction that requires accounting is represented by a complete and balanced subledger journal entry stored in a common data model
Subledger Accounting
Release 11i
Accounting model and
transaction model are tightly
integrated
Release 12.0
Accounting model is separated
from the transaction model
Subledger
Products
Projects
Payables
Receivables
General
Ledger
Subledger
Products
Projects
Payables
Receivables
Subledger
Accounting
AR Rules &
journal entries
PA Rules &
journal entries
AP Rules &
journal entries
General
Ledger
Subledger Accounting Upgrade / Setup
• Infrastructure to centralize accounting setup
• Subledger Accounting is the engine used to store the rules for accounting transactions from various applications across the Oracle E-Business Suite
• Infrastructure to standardize accounting policies
• Business users can extend predefined accounting rules or create their own rules allowing organizations to react immediately to change.
• Extensible list of sources to derive accounts
• Projects will be seeding over 300 sources to help customers derive accounts and account descriptions
Subledger Accounting Upgrade / Setup
Subledger Accounting Upgrade / Setup
• Upgrade process seeds SLA with rules to automatically accept the accounts that Projects sends (derived from AutoAccounting)
• Existing Customers:
• If the accounting provided in Release 11i is satisfactory, then it is recommended that customers leave their AutoAccounting and SLA setups untouched.
• May utilize SLA setups if AutoAccounting did not fully meet their needs.
Release 11i Release 12
Subledger Accounting Flow Comparison for Expenditures
Enter or import expenditures
Distribute costs
Interface Costs to GL
Journal Import (Oracle GL)
Tieback Cost Distributions from GL Journal Import (Oracle GL)
Create Accounting
Generate Cost Accounting Events
Enter or import expenditures
Distribute costs
Release 11i Release 12
Generate Revenue for a Single/ Range of
Projects
Review Revenue
Release Revenue
Interface Revenue to GL
Journal Import (Oracle GL)
Journal Import (Oracle GL)
Create Accounting
Generate Revenue Accounting Events
Generate Revenue for a Single/ Range of
Projects
Review Revenue
Release Revenue
Subledger Accounting Flow Comparison for Revenue
Release 12 Financial Initiatives
• Subledger Accounting Uptake
• Multi-Org Access Control (MOAC)
• Legal Entity / Ledger Architecture
• Standard Data Model for Multiple Reporting Currencies – MRC Migration
• Budget Controls and Public Sector Accounting – Funds Management
• TCA Uptake
• eTax Uptake
Multi-Org Access Control
• Data Entry - Enter data for multiple operating units from a single responsibility
• Inquiry and Adjustments - Inquire and adjust data from multiple operating units from a single responsibility
• Processing and Reporting - Run concurrent programs
and reports for multiple operating units from a single
responsibility
Release 12 Financial Initiatives
• Subledger Accounting Uptake
• Multi-Org Access Control (MOAC)
• Legal Entity / Ledger Architecture
• Standard Data Model for Multiple Reporting Currencies – MRC Migration
• Budget Controls and Public Sector Accounting – Funds Management
• TCA Uptake
• eTax Uptake
Legal Entity Uptake
• Provides a clear and consistent legal entity model.
• Strengthen the role of Legal Entity in Oracle Applications
• Separate Legal Structure and Operations Structure
• Projects Uptake -
• Legal entity context derived from operating unit – no change from 11i
Release 12 Financial Initiatives
• Subledger Accounting Uptake
• Multi-Org Access Control (MOAC)
• Legal Entity / Ledger Architecture
• Standard Data Model for Multiple Reporting Currencies – MRC Migration
• Budget Controls and Public Sector Accounting – Funds Management
• TCA Uptake
• eTax Uptake
Multiple Reporting Currency Migration
• Oracle Projects has eliminated
• Set of Books Currency Selection during the Inquiry
• MRC Columns in folders
• Switching currency for the Project Functional Amount
• Concurrent Programs for interfacing the MRC amounts to the Reporting Set of Books/Ledger
• You can view the Multiple Reporting Currency (MRC) amounts in Projects by choosing the Alternate Ledger Currency from View Accounting
• Release 12 onwards, MRC amounts for new transactions in Projectswill be displayed from Sub-Ledger Accounting Module
Consistent approach in Alternate Ledger Currency amount calculation
MRC calculation centrally managed
Key Benefits
Release 12 Financial Initiatives
• Subledger Accounting Uptake
• Multi-Org Access Control (MOAC)
• Legal Entity / Ledger Architecture
• Standard Data Model for Multiple Reporting Currencies – MRC Migration
• Budget Controls and Public Sector Accounting – Funds Management
• TCA Uptake
• eTax Uptake
• Budgetary Control API (commonly known as GL Funds Check API) is enhanced to provide better integration with other sub-ledger applications :
• Projects Impact: • Uptake SLA for Encumbrance Accounting
• Uptake new budgetary control API
• Streamlined funds check data flow to minimize dependencies
Funds Management Uptake
Release 12 Financial Initiatives
• Subledger Accounting Uptake
• Multi-Org Access Control (MOAC)
• Legal Entity / Ledger Architecture
• Standard Data Model for Multiple Reporting Currencies – MRC Migration
• Budget Controls and Public Sector Accounting – Funds Management
• TCA Uptake
• eTax Uptake
• TCA a.k.a Oracle Trading Community Architecture is a model that includes:
• A global registry of organizations, people, addresses, and the relationships among them
• Public API’s for custom development
• Support for Integration with 3rd party content providers
• Projects Impact: • Migrate for RA_Views to HZ_Tables
TCA Uptake
Release 12 Financial Initiatives
• Subledger Accounting Uptake
• Multi-Org Access Control (MOAC)
• Legal Entity / Ledger Architecture
• Standard Data Model for Multiple Reporting Currencies – MRC Migration
• Budget Controls and Public Sector Accounting – Funds Management
• TCA Uptake
• eTax Uptake
• eTax a.k.a E-Business Tax is a tax engine includes:• Central Repository which contains rules & definitions required to calculate tax
• Record Repository which is the actual transaction tax data required for auditing and reporting purposes
• Services such as tax content, tax determination & tax administration
• Projects Impact:• Setup via eTax (at the project, expenditure type, & event level)
• Customer Invoicing
• Pass eTax tax code to AR on invoices/credit memos so that eTaxcan generate the appropriate tax lines.
• InterCompany Invoicing
• Tax line generation through eTax supported on Intercompany Invoicing.
• Integration with Payables and Receivables
eTax Uptake
E-Business Tax Integration
Release 12 Projects Initiatives
• Supplier Cost Management
• Improved Project Costing with Cash Basis Accounting
• Removal of Supplier Cost Adjustment Restrictions
• Mass Adjust Concurrent Processing
• Aids for Oracle Payables and Project Costing Reconciliation
• Flexible Derivation of Expenditure Item Date
• Subcontractor Payment Management Uptake
• Revenue in a Foreign Currency
Supplier Cost Management
• Since its inception, Oracle Payables modeled invoices with headers and distributions. Disadvantages …• Line item info on the physical document is not available in the system.
• Calculation of item charges is cumbersome because the item itself is split across multiple distributions.
• Approval and payment processing requires accounting and tax creation.
• In Release 12, Payables is introducing a new entity called “Invoice Lines”. Advantages …• Line item info can be captured and accurately reflected in the system.
• Transaction processing is separate from accounting (SLA) and tax(eTax) processing.
• Variances will now be separate lines and distributions.
Oracle Payables Invoice Lines Entity
Invoice Supplier: Advanced Networks Invoice Num: 11111 Date: 13-JUN-2001
Line # Item Qty Unit Price 1 Computer 1 $1000 2 Printer 1 $500 3 Tax (10%) $150 _______________________________ Total $1650
Allocate
Yes
No
Invoice Headers
Invoice Lines
Invoice Distributions
Oracle Payables Invoice Workbench
Supplier Cost Management
Projects Uptake
• Improved Project Costing with Cash Basis Accounting
• Removal of Supplier Cost Adjustment Restrictions
• Supplier Cost Adjustment Accounting Performed by Oracle Projects
• New Mass Adjust Concurrent Process
• New Aids for Reconciling Supplier Cost with Other Products
• Removal of Pre-approved Batch Entryfor Expense Report Entry in Projects
New Supplier Cost Audit Report
Expenditure Inquiry Find Window
Expenditure Inquiry
New columns available:
Document Type PO NumberDoc Distribution Type PO Line NumberInvoice Number PO Distribution NumberInvoice Line Number PO Price TypePayment Number PO Receipt NumberInvoice Distribution Line Number
Invoice Workbench
Release 12 Projects Initiatives
• Supplier Cost Management
• Improved Project Costing with Cash Basis Accounting
• Removal of Supplier Cost Adjustment Restrictions
• Mass Adjust Concurrent Processing
• Aids for Oracle Payables and Project Costing Reconciliation
• Flexible Derivation of Expenditure Date from Purchasing
• Subcontractor Payment Management Uptake
• Revenue in a Foreign Currency
Subcontractor Payment Management
• An integrated solution for services procurement used to model complex work contracts where advanced payment terms need to be considered during execution
• Commodities / Industries of Interest• Professional Services
• Engineering and Construction
• Aerospace and Defense
• Public Sector
Subcontractor Payment MgmtBusiness Flow
Apply Retainage
Release Retainage
Pay Advances
Liquidate Advances
Author Contract
Invoice
Request to
Subcontract
Work
Source
Supplier
Supplier Reports Progress
Certify Progress/ Stage of
Completion
Submit SOVAward Contract
• Commitment Reporting
- Financing pay items, Retainage not shown as commitments
- Unmatched prepayments are displayed as commitments
• Budgetary controls – Retainage distributions
are not funds checked against the project
budget.
Subcontractor Payment Management
Projects Impact
Release 12 Projects Initiatives
• Supplier Cost Management
• Improved Project Costing with Cash Basis Accounting
• Removal of Supplier Cost Adjustment Restrictions
• Mass Adjust Concurrent Processing
• Aids for Oracle Payables and Project Costing Reconciliation
• Flexible Derivation of Expenditure Date from Purchasing
• Subcontractor Payment Management Uptake
• Revenue in a Foreign Currency
• Support Revenue Revaluation in GL
• Calculate revenue including unbilled receivables and unearned revenue in revenue transaction currency
• Interface project revenue to SubledgerAccounting for posting to General Ledger in project functional currency and in revenue transaction currency
Revenue in a Foreign Currency
Revenue in Foreign Currency
Setup – Project Billing Currency
<Enter
slide note>Option to Select
Revenue Transaction
Currency
Enable Multi
Currency Billing
Box Checked
Invoice by Bill
Transaction Currency
Box Unchecked
Event Currency =
Invoice Transaction
Currency = 150,000 CAD
in this example
Revenue in Foreign Currency
Revenue Event Creation
For More Information…�Metalink Information:
–http://metalink.oracle.com/
�Oracle Product Documentation:–http://www.oracle.com/technology/documentation/applications.html
–All Projects Books republished!
–Oracle Projects Fundamentals (B25617-02)
–Oracle Projects Implementation Guide (B25623-02)
–Oracle Project Costing User Guide (B25618-02)
–Oracle Project Billing User Guide (B25619-02)
–Oracle Project Resource Management User Guide (B25620-02)
–Oracle Project Management User Guide (B25621-02)
–Oracle Project Portfolio Analysis User Guide (B25622-02)
–Oracle Project Contracts Implementation Guide (B25715-01)
–Oracle Project Contracts User's Guide (B25716-01)
–Oracle Projects APIs, Client Extensions, and Open Interfaces Reference (B25624-02)
–Projects Collateral & Whitepapers:
http://www.oracle.com/applications/projects/intro.html