Project Foundation Setup in Oracle Fusion PPM

Project Foundation Setup in Oracle Fusion Project Portfolio Management (PPM) involves configuring the Basic configuration for project creation, execution, costing, billing, and reporting.

Let us understand the step-by-step process of how to set up Project Foundation in Oracle Fusion:

Project foundation setup in Oracle Fusion

In Oracle Fusion PPM (Project Portfolio Management), the “Project Type” is a mportant l setup which defines the basic behavior, characteristics, and controls of a project. Project types decides the nature of project and acts as a template or blueprint for creating and managing projects within the system.

Project type determines weather it is a contract prject,capital project or indirect project

This provides default values for Project templates,costing and billing methods.financial structures and workflow rules

Determines Financial Processing

Project types determines below financial processing

How costs are collected and capitalized
How revenue is generated (for customer projects)
Whether the project is billable or not

Enables Module Integration -Links with Grants Management, Capital Projects, Contract Management, etc., depending on project type.

Navigation: Setup and Maintenance > Project Financial Management > Project Foundation > Manage Project Types

Manage Expenditure type-Project Foundation Setup

in Oracle Fusion PPM (Project Portfolio Management), Expenditure Types describe the nature of costs incurred on a project. Expenditure type labels for project-related expenses—they help categorize costs for accurate accounting, reporting, billing, and capitalization.

An Expenditure Type is part of an Expenditure Category and belongs to a Cost or Revenue Class. Expenditure types identifies the kind of work performed or resource used, such as labor, materials, travel, or equipment.

Expenditure type is important for Cost Collection, Billing & Revenue,Capitalization and ReportingT

Navigation: Setup and Maintenance > Project Financial Management > Project Foundation > Manage Expenditure Types