Project form
- 1. Go to main content Project Types Setup This chapter project typessetup. This chapter covers the following topics: Definition Overview Defining Project Types Procedure Definition A project type is a project classification defined duringimplementation that specifiesessential project attributesand determineshow that project's costs are processed. Overview In Oracle GrantsAccounting, projects must be designated aseither sponsored or nonsponsored. Only sponsored projects can be funded by awards. A project type is associated with each project. The project type serves as a link between a project and the project class. The project class is selected in the Project Types window. Within each project class, users can define an unlimited number ofproject types. In Grants Accounting, the two project type classes are as follows: Indirect Capital When defining project types, usersspecify whether the project class is Indirect or Capital. Project classes are predefined and cannot be changed. An Indirect project class tracks overhead activities and costs. A Capital project class tracks asset development activitiesand costs and capitalizescosts. If you want to fund a project with an award, you must associate the project with a sponsored project type. Projects are typicallysponsored or funded externallyby a government agency, company, or nonprofit organization. Sponsored projectsallow users to accrue revenue or bill the funding source by award. This section includesthe following topics: Defining Project Types References Defining Project Types
- 2. Defining project types serves the following purposes: links the project to a project class establishesprocessingfor a project establishesdefaultsfor a project determinesifthe project is a sponsored project The project type controls processing for a project by specifying the project class and whether to budget for an indirect or capital project class. The project type controls defaultsfor a project by specifying the following: type of service or work the project is providing burden options, if project costs are burdened budget control options, if a budget is used References For information on definingproject types, see Defining Project Types, Oracle Projects Implementation Guide. For information on project types' workflow parameters, see Project Types, Oracle Projects Implementation Guide. Defining Project Types Procedure
- 3. Defining project types in Oracle GrantsAccounting follows the same procedure as in Oracle Projects, with grants-related exceptionsasnoted in Steps7 and 8. To define a project type, perform the following steps. 1. In Oracle GrantsAccounting, navigate to the Project Types window asfollows: Setup - Projects - Project Types 2. In the OperatingUnit field, select the appropriate operatingunit. 3. In the Name field, enter the project type name. 4. In the Classfield, select either Indirect or Capital as the project type class from the drop- down list. 5. Optionally, in the Description field, enter descriptive text regardingthe project type. 6. In the Effective field, select the date the project type beginsand endsfrom the list of values. 7. On the Details tab, enable the Sponsored check box if you want to define a sponsored project type. 8. To define the remainingsetup for project types, see DefiningProject Types, Oracle Projects Implementation Guide. Important: In Oracle GrantsAccounting, for Indirect or Capital project classes, the following stepsmust be performed in the CostingInformation tab:
- 4. o Select the Burdened checkbox to burden raw costs. o Select the Burden Cost asseparate expenditure item radiobutton so burden amounts are stored in separate expenditure itemsfrom the raw cost. Important: To allow the creation of award budgetsfor sponsored projects, the Use Workflow For Budget StatusChangescheck box in the Project StatusWorkflow tab should not be selected. Note: In Oracle GrantsAccounting, the following featuresfrom the Project Types window are not applicable: o IntercompanyBilling o Allow Schedule Override Note: This feature is not supported for sponsored projects. o Burden cost on same expenditure item o Account for Burden Cost components o Burden Cost Project o Burden Cost Task o Allow Revenue Budget Entry 9. Save or save and continue as follows: File - Save or Save and Proceed 10. Close the window.