Oracle Cloud Fusion Project Portfolio Management Part - 3

Contract project defines an agreement between company and client for delivering services or construction, with task planning, design, procurement, and construction phases, culminating in invoicing the customer.

Configure accounts receivable for a contract project by completing AR setups: business unit assignment, AR roles, user data access, customer creation, and opening AR periods for invoice generation.

Configure oracle fusion project portfolio management by setting up an enterprise contract type, event types, an immediate billing cycle, and fixed-amount invoice methods for project billing.

Explore revenue methods, employee creation and assignment, contract organization, and user role setup in Oracle Cloud Fusion Project Portfolio Management to enable accurate billing and access control.

Explore PM setups to create contract projects: assign data access roles, configure contract project type and template, define project plans and subtasks, and generate a contract project from a template.

Create and configure a contract in project portfolio management, linking to the TCS new office building project, setting planning lines, billing and revenue plans, and approving to activate.

Learn the 11-step contract project PPM to AR invoice process, from creating events to transferring invoices to receivables and confirming acceptance.

Demonstrates revenue generation in a contract project by creating revenue events, recognizing revenue, and managing invoices and events within contract management; also covers revenue distributions and creating accounting periods.

Explore rate-based time and material contracts, detailing labor revenue, expenditure categories and types, hourly costs, and the setup from site engineer to rate schedule.

Set up rate schedules and labor costing rules for a time and materials contract, assign organization costing rules, and configure site engineer cost and billing rates.

Learn to create a time and material contract in Oracle Fusion, configure rate-based invoice methods and incurred revenue methods, and set up bill and revenue plans for a project.

Record unprocessed costs for a time and materials project, creating a ₹40,000 cost for 40 hours at ₹1,000/hour, then generate an ₹80,000 invoice and transfer its details to receivables.

Learn to process a time and material contract in Oracle Cloud Fusion by importing auto invoices, confirming invoice acceptance in receivables, and generating 80,000 in revenue.

In percentage complete billing for a one crore contract, invoices and revenue reflect the completed percentage, with manual, effort-based, and cost-based methods.

Learn how to set up contract projects by defining project plan types, creating a project template, and assigning a contract project with percentage completion and manual entry options.

Learn to create a percentage-complete billing contract in Oracle Cloud Fusion Contract Management, covering contract setup, lines, associated projects, billing and revenue plans, terms, and the approval workflow.

Generate and transfer invoices for a contract project as you progress through the steps, from creating billing transactions to submitting, approving, releasing, and transferring invoice details to receivables.

Import auto invoices from contracts, then confirm invoice acceptance in receivables and generate revenue in Oracle Cloud Fusion project portfolio management. Verify invoice and revenue statuses in contract management.

Learn to use resource breakdown structure (RBS) to plan labor and non-labor resources, budgeting and forecasting for projects, and assign planning resources via a project template.

discover budgets in Oracle Cloud Fusion project portfolio management part 3, covering cost and revenue budgets, their planning and controlling purposes, and how to create and revise budgets.