Ref:https://docs.oracle.com/en/cloud/saas/project-portfoli o-management/19b/oapjb/manage-project-contract-revenue.html#OAPJB164173

Associated Project Percent Spent Example

The following formula calculates the percent spent revenue for the associated project.

((Sum of ITD Actual Cost for every subtask that is part of the associated task/Sum of Total Budgeted cost for every task that is part of associated task)

xAssociated Project Funded Amount) – Sum of Existing Invoice Event Amounts for the Associated Project

((60/300) x750) – 80 =70

((Actual Cost / Budgeted Cost) x Budgeted Revenue) – Sum of Revenue Event Amount

Referencehttps://docs.oracle.com/cloud/farel8/projectcs_ gs/OAPEX/F1082603AN23E61.htm

Manage Project Enterprise Labor Resource Maintenance Conditions

Project Enterprise Labor Resources: How They Are Automatically Created and Maintained

Run the Maintain Project Enterprise Labor Resources process to create resources, remove resource availability for staffing, and maintain the resource search index.

Settings That Affect the Maintain Project Enterprise Labor Resources Process

Create and maintain project enterprise labor resources by defining a set of conditions that specify the employees and contingent workers in Oracle Fusion Human Capital Management (HCM) to create as resources in Oracle Fusion Project Portfolio Management. Define the resource attribute values, such as the resource calendar and primary project role, to assign to the new resources.

The following table lists the criteria that you define for selecting HCM persons to create as project enterprise labor resources.

Selection Criteria

Description

Person type

Select the HCM person type for the process to use as criteria when selecting HCM persons to create as resources. Available person types are employees, contingent workers, orboth employees and contingent workers.

Option to select people based on job

Select this option for the process to create resources for HCM persons with specific jobs.

CautionIf you do not select job criteria for this condition, the process will create resources for all eligible people based only on the person type.

Jobs

If you selected the option to select people based on job, then select the jobs for the process to use as HCM person selection criteria.

The following table lists the attributes for which you specify values to assign to resources that are created for the condition.

Resource Attribute

Description

Option to manage resource availability and staffing

Select this option for resource managers to manage the availability and project staffing of resources who are created based on the condition. Resources who are managed in Oracle Fusion Project Resource Management are eligible to fulfill project resource requests.

Calendar

Select the resource calendar for resources that are created based on the condition. The resource calendar defines the work schedule for project enterprise labor resources, and includes working days and hours and any exceptions, such as holidays.

Primary project role

Select the primary project role for resources that are created based on the condition. Project roles are maintained in Oracle Fusion Project Management.

Cost rate and currency

Enter the cost rate and currency for resources that are created based on the condition.

Bill rate and currency

Enter the bill rate and currency for resources that are created based on the condition.

Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjf/define-project.html#OAPJF220111

Asset Cost Allocation Methods

The asset cost allocation method determines how indirect or common costs incurred on a project are allocated to multiple assets.

You can specify an asset cost allocation method to enable Oracle Fusion Project Costing to automatically allocate unassigned asset lines and common costs across multiple assets. Unassigned asset lines typically occur when more than one asset is assigned to an asset grouping level.

Projects and project templates inherit a default asset cost allocation method from the associated project type.You can override the default at the project level. If you use capital events to allocate costs, then you can also override the asset cost allocation method at the event level

Asset Cost Allocation Methods

The following table describes the available asset cost allocation methods.

Method

Basis of Cost Allocation

Actual Units

Number of units defined for each asset

Current Cost

Construction-in-process (CIP) cost of each asset

Estimated Cost

Estimated cost of each asset

Standard Unit Cost

Combination of the standard unit cost and the number of units defined for each asset

Spread Evenly

Equal allocation of cost to each asset

Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/18c/oapfm/project-costing-configuration-define-project-costing-integrations.html#OAPFM174886

How can I validate distribution sets for projects information?

Oracle Fusion Projects performs validations on Oracle Fusion Payables distribution sets for payables invoices at the time you create the actual distribution set lines. It validates the project and task number during the invoice validation.

Distribution sets are typically used on recurring transactions, and the associated project does not have transaction controls.When you create a distribution set in Oracle Fusion Payables, the distribution set line is not validated against the project transaction controls in Oracle Fusion Projects because you do not enter anexpenditure item date, which is required for transaction control validation.The expenditure item date is not provided because you use the distribution sets for an indefinite period of time.

Referencehttps://docs.oracle.com/cloud/latest/common/FASCC/FASCC1124283.htm

Topic -Contract Actions and Status Changes: Explained

Password complexity criteria are criteria that determine how strong or secure a password must be for a user account. Password complexity criteria can include requirements such as minimum length, uppercase letters, lowercase letters, numbers, special characters, etc. Three of the valid password complexity criteria while setting up password policies are:

Complex: At least 8 characters, 1 uppercase, and 1 number

Very Complex: At least 8 characters, 1 uppercase, 1 number, and 2 special characters

Very Complex: At least 8 characters, 1 uppercase, 1 number, and 1 special character Simple: At least 8 characters and 1 number is not a valid password complexity criterion while setting up password policies, as this criterion does not meet the minimum security standards for Oracle Cloud applications. Very Complex: At least 6 characters, 1 uppercase, 1 number, and 1 special character is also not a valid password complexity criterion while setting up password policies, as this criterion does not meet the minimum length requirement of 8 characters for Oracle Cloud applications. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/set-up-project-financial-management.html#OAPFM2356271

Budgetary control is a feature that allows you to monitor and control project costs against approved budgets. You can enter the amounts in the budget versions for these projects at two levels: Task and Project. These levels correspond to the budgetary control levels that are defined for the project type. You can also view and compare the budget amounts and actual costs at these levels using reports and dashboards. Expenditure Type, Top Resource, and Expenditure Category are not levels at which you can enter the amounts in the budget versions for these projects. These are attributes that can be used to group and filter the budget and actual amounts for reporting purposes. Reference:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-budgets-and-forecasts.html#OAPFM2356191

 The recommendation for this scenario is to define one business unit and two project units. A business unit is an organization that performs one or many business functions such as transaction processing or reporting. A project unit is an organization that manages projects within a business unit or across multiple business units. By defining one business unit and two project units, you can meet the following requirements of the client organization:

The management reporting and transaction processing requirements are the same for both the organizations: This can be achieved by using the same business unit for both the organizations, as the business unit determines the common setups such as ledger, currency, calendar, etc. for transaction processing and reporting.

The project planning, management, analysis and reporting requirements are different for each organization: This can be achieved by using different project units for each organization, as the project unit determines the specific setups such as project types, templates, options, etc. for project planning, management, analysis and reporting. Defining two business units and two project units is not recommended for this scenario, as this would create unnecessary duplication of setups for transaction processing

 Project Management is the product offering that enables you to collaboratively plan and deliver projects by leveraging intuitive and integrated scheduling tools. Project Management allows you to create and manage project plans, tasks, deliverables, issues, milestones, gates, etc. using various methods and sources. You can also monitor and control project progress and performance using dashboards and reports. Resource Management is the product offering that enables you to optimize the utilization and allocation of resources for projects and tasks. Resource Management allows you to create and manage resource requests, assignments, pools, calendars, etc. using various criteria and sources. You can also monitor and analyze resource availability and demand using dashboards and reports. Project Control is the product offering that enables you to simplify the planning, budgeting, and forecasting capabilities for projects and tasks. Project Control allows you to create and manage project budgets, forecasts, financial plans, etc. using various methods and sources. You can also monitor and control project costs and variances using dashboards and reports. Project Costing is the product offering that enables you to capture and process project costs from various sources and applications. Project Costing allows you to create and manageproject transactions, expenditures, assets, etc. using various rules and options. You can also generate project costing and accounting entries using dashboards and reports. Reference:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/overview-project-financial-management.html#OAPFM2356301

Ref:https://docs.oracle.com /en/cloud/saas/project-portfolio-management/19a/oapex/define-project-management-configuration.html#OAPEX1357147

Topic - Microsoft Project Prevalidation: Explained

The following table describes Prevalidation rules for tasks and resource assignments.

Level

Rule

Lowest-level tasks

One labor and multiple expense resources are allowed for a lowest-level task.Remove other resources.

Summary tasks

Only one labor resource with zero allocation is allowed for a summary task.Remove all other resources.

Milestone tasks

No subtasks are allowed under milestone tasks. Milestones must be lowest-level tasks.

Milestone tasks

Milestone tasks must have zero duration.

Milestone tasks

Only one labor resource, with zero effort, is allowed for a milestone task.Remove all other resources.

When exporting milestone tasks, ensure that the tasks:

Are lowest-levels task with zero duration, that is, the same start and finish dates.

Have only one labor resource assignment with zero effort.

Have percent work complete values of 0 or 100 percent. Any other values are set to zero before export.

To sell items not tracked in inventory, inventory items, and services, you can create two contract lines with different line types. The line type of “sell intent, free-form, project-based” allows you to sell any item or service without specifying the item number or quantity. The line type of “sell intent, item, project-based” allows you to sell inventory items by specifying the item number and quantity. Both line types are project-based, meaning they are linked to a project and generate revenue based on project performance.Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-contracts.html#OAPFM2355835

Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/implementing-pr oject-financial-management-applications.html#FAPFM969761

Topic - Entering Planning Resource Breakdown Structure Details

ClickNavigator > Setup and Maintenance, and search for theManage Planning and Billing Resource Breakdown Structurestask.

Click theManage Planning and Billing Resource Breakdown Structureslink.

Use the Manage Planning and Billing Resource Breakdown Structures page to create new planning resource breakdown structures and to review existing planning and billing resource breakdown structures.

Click theCreateicon in the Planning Resource Breakdown Structures section.

Use the Create Planning Resource Breakdown Structure: Basic Information page to provide basic resource breakdown structure information including the name, active dates, and project unit.

Enter a planning resource breakdown structure name and select a date from which the resource breakdown structure is available for use.

Optionally, provide a description and a date to which the planning resource breakdown structure is available for use.

Select a project unit. Only projects created for the selected project unit can use this planning resource breakdown structure.

If you want to allow project managers to add planning resources at the project level, then select theAllow resource changes at project levelcheck box.

Tip:Changes at the project level don't move back to the parent planning resource breakdown structure.Deselect this option to ensure all project using the planning resource breakdown structure use the same resources.

Optionally, select aJob Setas a source of jobs for creating planning resources on your planning resource breakdown structure.

ClickSave.

Referencehttps://docs.oracle.com/cd/E37583_01/doc.1116/e22598/F45890 0AN13D82.htm

How Resource Mapping Is Calculated

You can track the cost impact of every resource that has been assigned to a project task and use the resource breakdown structure to view the breakdown of these costs. Oracle Fusion Projects associates the costs of the resources used for tasks with branches and levels in the resource breakdown structure. The process for determining the correct association is managed by rules of precedence.

Oracle Fusion Projects uses the followingrules to associate cost amounts with resources:

Select thelowest levelin the resource breakdown structure to which atransaction can map.

If there is only one level to which the transaction maps, the cost amounts are mapped to that level.

If the transaction maps to more than one level, Oracle Fusion Projects sums the precedence numbers for all resource types in the branch and gives precedence to the resource element in thebranch with the lowest sum.

If more than one branch has the lowest precedence number at the lower level, the application uses the precedence number of thenext level up.

If the sum of precedence numbers is the same for more than one branch, precedence is given to the branch with the lowest number at the lowest level.

If one branch contains a user-defined resource type, precedence is given to the branch thatdoes not contain a user-defined resource type.

NoteOracle Fusion Projects gives more precedence to a lower precedence number. For example, a resource element with a precedence number of 1 is given precedence over a resource element with a precedence number of 10.

The precedence order that is used by the system for labor schedules to distribute payroll cost is Assignment > Assignment Element > Element. This means that the system first looks for a labor schedule that is assigned to the employee assignment, then for a labor schedule that is assigned to the payroll element of the employee assignment, and finally for a labor schedule that is assigned to the payroll element itself. The system uses the first labor schedule that it finds in this order to distribute the payroll cost to projects and tasks based on the hours and rates defined in the schedule. Reference:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-costs.html#OAPFM2356121

The project requirements work area is a work area that allows you to define and manage requirements for your projects using various methods and sources. Requirements are statements of needs or expectations that must be met by the project outcome. Backlog items are a type of requirement that are used for agile projects that follow an iterative and incremental approach. Three of the tasks that can be performed using the project requirements work area are:

creating projects and tasks in the context of backlog items: This task allows you to create new projects and tasks or link existing projects and tasks to backlog items. This helps you to plan and execute the work that is required to fulfill the backlog items.

creating issues for the backlog items: This task allows you to create new issues or link existing issues to backlog items. Issues are problems or risks that affect the progress or outcome of a project or requirement. This helps you to track and resolve the issues that are related to the backlog items.

tracking backlog item status from the requirement storyboard: This task allows you to view and update the status of backlog items from the requirement storyboard. The requirement storyboard is a graphical representation of the progress and completion of backlog items using various stages and lanes. This helps you to monitor and control the delivery of backlog items. Adding scrum master to backlog items and creating change orders for the backlog items are not tasks that can be performed using the project requirements work area. Adding scrum master to backlog items is a task that can be performed using the project team work area, as scrum master is a role that is assigned to a project team member who facilitates and coordinates the agile project activities. Creating change orders for the backlog items is a task that can be performed using the project change management work area, as change orders are documents that capture and approve changes to a project scope, schedule, or budget. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-execution.html#OAPFM2356321

To handle a custom spread on budgets and forecasts, you can either create a new spread curve or edit an existing one to match the desired spread points. Then, you can attach the spread curve to a project template or a resource class, depending on whether you want to apply it to all projects using that template or all transactions using that resource class.Reference:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/define-project-budgets-and-forecasts.html#OAPFM2355819

Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/ 19b/oapjf/manage-project-plan-tasks-and-task-assignments.html#OAPJF75076

Project Control is the product offering that simplifies the planning, budgeting, and forecasting capabilities as part of Project Management Cloud. Project Control allows you to create and manage project plans, budgets, and forecasts using various methods andsources. You can also monitor and control project performance and variances using dashboards and reports. Reference:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-plans.html#OAPFM2356061

Ref:https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faser /implementing-security-in-oracle-fusion-project-portfolio-management.html#FASER1840867

Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio- management/19b/oapfm/project-foundation-configuration-define-project-resource-breakdown-structures.html#OAPFM180158_2

Why can't I find persons in the list of resources when I enter team members, planning resources, or person rate schedules?

You can't find persons in the list of resources when you enter team members, planning resources, or person rate schedules in the following situations:

The administrator didn't assign adepartmentwhile creating users. Persons must have an active assignment andbe assigned to a departmentin Oracle Fusion Human Capital Management before they can be added as team members or entered as resources on the planning resource breakdown structure or person rate schedule.

The resource isn't active in Oracle Fusion Human Capital Management because the current date is before the effective date of the resource.If you want to include persons who will start in the future, select the Include people with future-dated effective start dates option when you search for the person.

Persons assigned as project managers aren't active as of the project start date.

The assignment of the person is terminated, and an appropriate value isn't set for the number of days to display people with terminated assignments.You can set the profile value appropriately at the site profile level using the Specify Number of Days to Display People with Terminated Assignments task in the Setup and Maintenance work area.

Referencehttps://docs.oracle.com/cloud/farel10/projectcs_gs/OAPEM/OAPEM1461017.htm#OAPEM1313472

Project Labor Demand: How It's Calculated

Project executives want to track the labor demand in projects in their organization. The Project Hierarchy Viewer provides project executives a hierarchical view of the enterprise project structure (EPS) along with the labor demand in terms of full-time equivalent (FTE).

Settings That Affect Project Labor Demand

Project application administrators must do the following to set up how project labor demand is calculated:

Organize projects into hierarchical groups on the Manage Enterprise Project Structure page.

Change the quarterly FTE hours for the organization on the Define Project Management Implementation Options page, if different from 520 hours.

Note:You can choose to view labor demand annually instead of quarterly. The Project Hierarchy Viewer uses the current date to determine which year or quarter to display.

How Project Labor Demand Is Calculated

The Project Hierarchy Viewer calculates project labor demand in the following manner:

Spreads the allocation hours from the Manage Project Resources page evenly over the days that the resources are allocated to the project.

Divides the quarterly project allocation hours by the quarterly FTE hours to get the labor demand.

Rolls up the quarterly and annual labor demand up the hierarchy.

Referencehttps://fusionhelp.orac le.com/helpPortal/topic/TopicId_P_8718794B26A7BB93E040D30A688149A3

Referencehttps://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define-enterprise-structures.html#FACIA462453

Reference Data Sharing Methods

Variations exist in the methods used to share data in reference data sets across different types of objects. The following list identifies the methods:

Assignment to one set only, no common values allowed. This method is the simplest form of sharing reference data that allows assigning a reference data object instance to one and only one set. For example, Asset Prorate Conventions are defined and assigned to only one reference data set. This set can be shared across multiple asset books, but all the values are contained only in this one set.

Assignment to one set only, with common values. This method is the most commonly used method of sharing reference data that allows defining reference data object instance across all sets. For example, Receivables Transaction Types are assigned to a common set that is available to all the business units. You need not explicitly assign the transaction types to each business unit. In addition, you can assign a business unit-specific set of transaction types. At transaction entry, the list of values for transaction types includes the following:

Transaction types from the set assigned to the business unit.

Transaction types assigned to the common set that is shared across all business units.

Assignment to multiple sets, no common values allowed.The method of sharing reference data that allows a reference data object instance to be assigned to multiple sets. For instance, Payables Payment Terms use this method.It means that each payment term can be assigned to one or more than one set.For example,you assign the payment term Net 30 to several sets but assign Net 15 to a set specific only to your business unit. At transaction entry, the list of values for payment terms consists of only the set that is assigned to the transaction's business unit.

Note: Oracle Fusion Applications contains a reference data set called Enterprise. Define any reference data that affects your entire enterprise in this set. Also update the data set going forward as you create new reference data items.

Referencehttps://docs.oracle.com/cloud/r13_update17b/projectcs_gs/OAPJC/OAPJC1071490.htm#OAPJC1071482

Ref:https://docs.oracle.com/cd/E17904_01/doc.1111/e14431/managing.htm#APMAG3333

Fusion Middleware Administrator's Guide for Authorization Policy Manager

Managing Security Artifacts

This chapter describes the procedures an administrator follows to manage application-specific security artifacts, view the external role hierarchy, manage the application role hierarchy, andmanage the many-to-many mapping of application roles to external roles from both the application and the external role point of view.

This chapter is divided into the following sections:

Managing Application Security Artifacts

Viewing the External Role Hierarchy

Managing the Application Role Hierarchy

Mapping Application Roles to an External Role

Mapping External Roles to an Application Role

Role Mapping Policy

A Role Mapping Policy is used to determinewhat external subjects(users, groups orExternal Roles) are assigned to the applicable Application Role. The Application Role, when referenced in an Authorization Policy, defines the principals affected by the Authorization Policy. Role Mapping Policies may also include conditions

Oracle Identity Manager –Not used for mapping application roles to external roles

How do Users Interact with Oracle Identity Manager?

Oracle Identity Manager provides an end-user interface, called the Identity Self Service console, and a system administrator interface, called the Identity System Administration console. Both end-users and system administrators use the web browser to log on to Oracle Identity Manager. Oracle Identity Manager (OIM)

OIM provision users, roles, and defines what a user can do in Oracle Cloud

Duty Roles are mapped to jobs and assigned access privileges (Data Security)

Referencehttp://www.oracle.com/us/products/applications/fusion/fusion-proj-port-mang- solut-brief-173079.pdf

(Page 2)Flexible Contract-Based Billing

Traditional contract and billing systems enforce a rigid relationship between a project and a funding agreement, which can constrain project setup and execution.Oracle Fusion Project Portfolio Management provides a highly flexible approachto project contract-based billing via a non-exclusive

relationship between multiple projects and tasks with contracts and contract lines.This means that you will have full control over defining contracts, rates and limits, and when and how to recognize revenue and generate invoices while segregating the planning and execution of your projects.

Referencehttps://docs.oracle.com/cloud/latest/projectcs_gs/FAPFM/FAPFM1192914.htm

Topic – Creating Calendars for Projects and Resources: Procedure

Project Schedules are used as a base for project and resource calendars in Project Execution Management applications. The smallest scheduling unit is a day. For example, you can define the number of hours in a day but, you can't schedule work for a specific time of the day.

The following are the elements of a schedule:

Shifts

Workday patterns

Exceptions

Program management is a capability that allows you to coordinate and track multiple related projects and tasks as part of a strategic program. To configure the program options as part of implementing the program management capability, you need to define three components:

Calendar: This component allows you to specify the calendar that is used to calculate the dates and durations for the program and its projects and tasks.

Calculation Methods: This component allows you to specify the methods that are used to calculate the progress, performance, and variance measures for the program and its projects and tasks based on various sources and formulas.

Derivation Methods: This component allows you to specify the methods that are used to derive the attributes and values for the program and its projects and tasks based on various rules and conditions. Currencies and Accounting Methods are not components that are required to configure the program options. Currencies are used to define the currency conversion rates and rules for the program and its projects and tasks. Accounting Methods are used to define the subledger accounting rules and options for the program and its projects and tasks. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-programs.html#OAPFM2356261

Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/pro ject-costing-configuration-define-project-costing-integrations.html#OAPFM3094605

Topic - Deriving Projects-Related Accounts

Rapid Implementation for Project Financial Management Applications allows you to configure some common setups for project costing and billing using predefined templates and spreadsheets. Some of the setups that can be configured using Rapid Implementation are expenditure types, project templates, and project types. Work types and project class categories are not part of Rapid Implementation.Reference:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/implement-project-financial-management-applications.html#OAPFM2355871

Ref: Implementing-Project-Financial-Management-and-Grants-Management.pdf (19A Part # F11256-01)

Chapter 3 – Define Project Organizations

Topic - Set Assignments and Project Data – How They Work Together (Page 29)

Business Unit as Set Determinant

Business units enable you to control and report on financial transactions, usually for specific geographical entities within the enterprise. For project management purposes, assign the Project Accounting business function to the business unit.

Business unit is a set determinant for the project-related reference data objects described in the following table.

Ref Data Object

Entities

Project Accounting Definition

Project Types

Project Rates

Project rate schedules

Project Unit as Set Determinant

Use project units to enforce consistent project management practices across your enterprise. Project unit is a set determinant for the reference data objects described in the following table.

Ref Data Object

Entities

Project Definition

Class codes, financial plan types, project plan types and project roles

Project Transaction Types

Expenditure types and work types

You can only select class codes, plan types, roles, expenditure types and work types that are assigned to the same set as the project unit. To enable expenditure types and work typesfor use on projects owned by a project unit, assign the set associated with the Project Transaction Types reference data object to those entities

The option that allows you to achieve this requirement is Appearance Page. This page allows you to create and apply a new theme for the application user interface by selecting various options such as colors, fonts, logos, etc. You can also preview and publish your theme changes using this page. Structure Page is not an option that allows you to achieve this requirement. This page allows you to customize the structure and layout of the application user interface by adding or removing components such as regions, tabs, fields, etc. Setup and Maintenance Work Area is not an option that allows you to achieve this requirement. This work area allows you to perform various setup tasks for implementing and configuring Oracle Fusion applications using predefined templates and spreadsheets. User Interface Text is not an option that allows you to achieve this requirement. This option allows you to customize the text and labels of the application user interface by editing or translating them using various tools such as Text Editor or Translation Workbench.Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/set-up-project-financial-management.html#OAPFM2356331

Budget 5,000Actuals 800Commitment 600

ETC = Budget – Actuals – Commitment

ETC = 5,000-800-600 = 3,600 Budget available for next 4 months = 3,600/4 = 900/month

Selecting the offering you want to implement and enabling optional functional areas and features by opting in are not part of managing an implementation project. These are part of configuring an implementation project, which is done before managing an implementation project. Configuring an implementation project allows you to define the scope and features of your implementation based on your business needs. Managing an implementation project involves assigning tasks to various users who are responsible for managing setup data, monitoring the progress of completing setup tasks, and generating a list of setup tasks. These are part of executing an implementation project, which is done after configuring an implementation project. Executing an implementation project allows you to perform the setup tasks and validate the setup data for your implementation. Reference:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/implement-project-financial-management-applications.html#OAPFM2356021