Functional

Project Process Configurator (Fusion PPM) : a Boon (most times) & a Bane (at times)

Process Configurator Feature has been around for a while. You can check out Oracle’s documentation here. Though there are various uses for the Configurator – one of the lucrative uses is for defining custom ‘Revenue Method’s to achieve Percent Complete Revenue along  COGS Clearing. (There is a vanilla “Percent Complete Revenue” Oracle provides out of […]

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Setup: Project Financial Management, Contracts, Payables, Receivables & Cost Accounting (23B)

Below is the list of (most common ‘Required’) Setups under Project Financial Management in 23B release. Apart from the below – a Projects Consultant will also need to be conversant with a) Home > Others > Resource Directory (Resources/Organizations) – needed for Contracts (in a large organization) needing Security between user groups. b) Procurement >

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Accounting for Costs/COGS: Project Manufacturing Environment

The below is applicable for Customer Billable Contracts/Projects Using Projects in a Manufacturing Environment has its own benefits and disadvantages. But that is the subject of a different discussion topic. LoL. There is a lot of choice on how to setup accounting (based on the needs). Below is the 80% scenario that will fit most

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