Basics of Oracle Projects

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What is Project Manufacturing ?

What is Project Manufacturing ?

Large contracts or projects received by the companies can not be completely fulfilled by process manufacturing or disrete or repetitive manufacturing methods. It requires a separate manufacturing method known as project manufacturing. Project manufacturing meets demand driven production requirements for large contracts or projects. It allows you to plan, schedule, process and cost against a specific contract or a group of contracts or project for a specific customer.

Oracle Project Manufacturing supports companies in the Engineer-To-Order, Make-To-Order manufacturing strategies and Aerospace and Defense industries. These industries plan, track, procure, and cost based on project, contract, or Seiban numbers.

If Oracle Projects is installed and the Project References Enabled and Project Control Level parameters are set in the Organization Parameters window in Inventory module, you can assign project and, if required, task references to planned orders, jobs, purchase orders, sales orders, miscellaneous transaction and other entities within Oracle Manufacturing. If the Project Cost Collection Enabled parameter is also set in inventory organization parameters, you can optionally collect and transfer manufacturing cost to Oracle Projects module. Project costs are tracked by project/task and expenditure type.

Oracle Projects - An Introduction

It has become vital for industries like project based manufacturing companies (like building products on order basis), construction, professional services, telecom, product development and as well as government agencies need to track costs and revenues of each project. The manner in which projects are planned, executed upon, and controlled can vary widely from organization to organization. Oracle Projects is comprehensive yet flexible to occupy these complex needs of different organizations.

Currently its called "Oracle Projects suite" which includes following modules:
1) Project Costing
2) Project Billing
3) Project Resource Management
4) Project Management
5) Project Contracts

However the most used among the above are Project Costing and Project Billing - which could be together called "Project Accounting" - it collects or calculates your project costs and revenues, translates them to your chart of accounts, and automatically posts journal entries to your General Ledger. Project Costing and Project Billing make up a true core of the suite.

Oracle Projects closely integrates with couple of modules such as General Ledger, Human Resources, Purchasing & Payables, Receivables, Inventory and Fixed Assets.