Oracle EPM Project Financial Planning (PFP) – A First Look


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Take a first look at Oracle’s new Project Financial Planning (PFP) module. Learn about out of the box features and key concepts. Ranzal Practice Manager, Randy Schmitz, and Principal Architect, Darren Garrett share their real world PFP implementation experience by covering key design concepts to be considered for organizations considering a new implementation.

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Oracle EPM Project Financial Planning (PFP) – A First Look

  1. 1. Project Financial Planning (PFP) Overview nzal r Ra w ate d geMarch 20, 2013 o fE rty ro pe PDarren GarrettEdgewater RanzalRandy SchmitzEdgewater Ranzal
  2. 2. Agenda Introductions z al an PFP Background rR w ate d ge PFP Tour o fE rty ro pe P PFP Implementation Considerations Q&A
  3. 3. About Edgewater Ranzal z al an r R Focus w ate Services d ge People fE 15 Years o 700+ clients rty Methodology pe 1000+ projects Pro Customers Partnership
  4. 4. Our Services Dashboards & Scorecards, Profitability & Cost Mgmt, Financial Analytics & Reporting, Operational Analytics, What-if Analysis, Query & Reporting, Visual Exploration Financial performance, Legal, Business z al Planning, Budgeting, Forecasting, anSegment & Mgmt Reporting, Financial Intelligence Workforce Planning, Capital Planning, rR Close Project Planning, Campaign Planning, HFM Optimization, Performance Lab ate Strategic Finance SOX Compliance Support Consolidation Planning w Installation, Upgrades, d ge Project/Program Mgmt, EPM fE Migration, System Project Road Maps, Application yo Infrastructure Management Reviews, Business Monitoring, Backup and rt Recovery, Disaster Requirements, Process pe Recovery, Load Testing, Change, Documentation ro Hardware Sizing Data Support Services Services P Data Integration, Financial Data Support Services - Project/ProgramManagement, Data Warehousing, Master Training Mgmt, EPM Road Maps, Application Data Management, ETL Services, Reviews, Business Requirements, Performance Tuning, Automation Process Change, Documentation Dashboards/Scorecards, Profitability Cost Mgmt, Financial Analytics & Reporting, Operational Analytics, What-if Analysis, Query & Reporting, Visual Exploration
  5. 5. What is PFP?• Oracle Planning Module• Bridges the gap between the detailed projects an organization undertakes and the overall corporate impact (resources) z al• an rR Provides organizations with: ate o View into Asset and Resource Allocation o Performance Monitoring w d ge o Information regarding Return on Investment (ROI) o fE rty ro pe P
  6. 6. Key Features of PFP• Perform expense planning at detail level or account level (labor, material, equipment)• Allocate workforce resources and capital assets to projects z al an rR• Perform different types of revenue planning/revenue recognition based on the ate type of Contract projects (Time and Material, Fixed Price, or Cost Plus) w d ge• Ability to view the impact on financial statements from a project level or an entity o fE level (Profit and Loss, Cash Flow, key performance indicators [KPIs]) ty rbased on a project score using financial measures• ro pe Rank and approve projects P and subjective measures (net present value [NPV], return on investment [ROI], payback, lifetime investment, risk assessment, strategic assessment, business assessment, organization missions)• Track the project approval flow
  7. 7. Project Classifications• Indirect o Administrative Projects o Cost Impact al o Don’t generate Revenue z an o Think “IT Projects” rR ate• Capital o Long Term Investment Project w o Think “Construction” d ge o fE rty• Contract pe o Work performed for a Customer o Types P ro o Has both Revenue and Cost o Time and Materials (T&M) o Fixed Price o Cost Plus o Other
  8. 8. Out of Box Artifacts• Dimensions o Project Plan Type • Account • Project z al an • Project Element rR ate o Workforce Plan Type • Account w • Employee d ge • Job o fE rty pe o Capital Asset Plan Type ro • Account • Asset Class • Asset Detail P
  9. 9. Out of Box Artifacts (cont.)• Forms o Application Administration • Global Assumptions and Drivers • Grouped into Project, Workforce, and Capital z al an rR o Projects ate • Used to create detailed project budgets and forecasts w • Grouped into Project Planning, Project Financing, Project Financial Statements, and Project Supporting Forms. d ge o fE rty o Workforce pe • Used to create detailed workforce plans ro • Grouped into Workforce Supporting Forms: Workforce Setup and Maintenance P and Workforce Project Usage and Analysis. o Capital • Used to create detailed capital asset plan • Grouped into Capital Supporting Forms: Asset Setup, Maintenance, and Analysis and Asset Project Usage
  10. 10. Out of Box Artifacts (cont.)• Business Rules o Calculate Expenses o Calculate Revenues o Calculate Financial statements and KPI’s z al an o Data Movement between Plan Types rR ate• Task Lists o Administration w d ge o Project Administration, Workforce Administration, and Capital Administration o Project Planning and Analysis o fE rty o Propose New Contract Projects, Propose New Capital Projects, Propose New pe Indirect Projects, Manage Existing Contract Projects, Manage Existing Capital ro Projects, Manage Existing Indirect Projects, and Review Projects P o Workforce Planning and Analysis o Workforce Planning and Workforce Analysis. o Capital Planning and Analysis o Capital Planning and Capital Analysis. • Financial Analysis
  11. 11. Out of Box Artifacts (cont.)• Menus• Smart Lists• Reports z al an o Funding Summary, Funding Summary for Project, Impact on Financial Statements, rR ate Project Details, Project Cost Details, Project Labor Expense, Project Equipment Expense, Project Material Expense, Project Revenue Details, Project Financial w ge Performance Overview for Current Year, Project Financial Performance Overview for d fE Current Year o rty• Roles pe o Business Unit Owner, Executive Sponsor, Internal Decision-Maker, Internal P ro Representative, Key Stakeholder, Project Accountant, Project Manager, Project Sponsor/Project Director, Project Team Member, Stakeholder, Steering Committee, Vendor• Substitution Variables o CurYr, LastYr, NextYear, Yr3, Yr4, ThisMonth, CurScenario, CurVersion, ActVersion, ForVersion, PlanVersion, Thisyear
  12. 12. Templates• Smart Lists o AssignmentLocation, Customer, FundingSource, PhysicalLocation, ProjectCostLevel, al ProjectManager, SkillSet z• Metadata Templates an rR ate o Entity o w Project ge o Asset Detail d fE o Employee o• Data Templates rty and Amortization, Project Details, Project Actuals, o Employee Projectro pe Assumptions, Asset Depreciation P Assignments, Asset Project Assignments, Project Material Requirements, Existing Employee Data, Existing Major Asset Data
  13. 13. PFP Tour z al an rR w ate d ge o fE rty ro pe P
  14. 14. PFP Implementation Guidelines• Adding Dimensions o Difficult, but not impossible to add Dimensions al o Lots of interdependent objects (i.e., Forms, Calc Manager Rules, Cubes, etc.) z• Rationalization an what elements add rR ate o Knowing what the PFP does out of the box and understanding ew value dg fE• Deletion of Objects yo o Hide, don’t delete ert o Won’t inadvertently break functionality• Renaming P rop o Makes upgrading easier o Ensures modifications aren’t overwritten
  15. 15. Q&A z al an rR w ate d ge o fE rty ro pe P
  16. 16. Contacts • Darren Garrett • z al an rR w ate • Randy Schmitz ge Ed of • rty ro pe P