Oracle Project Costing Overview

 

 

 

Oracle Project Costing provides an integrated cost management solution for all projects and activities within an enterprise. With Project Costing you can manage costs across currency and organizational boundaries. Project Costing also acts as a central repository of project plans and transactions, processes project costs, and creates corresponding accounting entries to satisfy corporate finance requirements.

Project Costing gives operations managers and finance managers complete and timely access to project performance information and the resulting accounting impacts thereof. It also empowers line managers with timely, detailed cost information to monitor project performance in a productivity-enhancing format, and enables financial managers to track the total cost of running the business.

The key features of Oracle Project Costing are:

  • Versatile template-driven project definition

  • Multiple currency financial plan and budget creation

  • Diverse accrual and expenditure capture

  • Robust expenditure control, collection, and adjustment functionality, integrated with other Oracle applications

  • Powerful burdening functionality

  • Rule-based general ledger account functionality

  • Comprehensive reporting functionality with drilldown capability

  • Capable asset creation and CIP cost collection

Oracle Project Costing can be extended with Oracle Project Billing  and is part of the Oracle Enterprise Project Management Suite, an integrated suite of internet applications designed to transform businesses to e-businesses.

 

Reference: oracle.com