Quickly update your Project financial Forecast for your Oracle EBS Projects from an MS-Excel Worksheet using Project Partners UI-Apps
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The document describes how UI-Apps from Project Partners provides an easier approach for creating project forecasts in Oracle Projects using a single Microsoft Excel worksheet. The 8-step process allows project managers to see budget and actual amounts, add new tasks and resources, forecast estimate-to-complete amounts, see roll-ups in real-time, refresh actuals, view the total forecast plan, and compare forecast totals to original budgets. UI-Apps streamlines the project forecasting process for improved accuracy.
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Quickly update your Project financial Forecast for your Oracle EBS Projects from an MS-Excel Worksheet using Project Partners UI-Apps
- 1. Hidden Gems Easy Forecast Creation with UI-Apps Copyright © Project Partners, LLC
- 2. Project Forecasts Oracle Projects provides project managers the ability to create periodic project forecasts The most accurate forecasts can be created when the project manager sees project budget amounts, actuals todate, committed amounts, and then can add Estimate-toComplete amounts for each task/resource It is also necessary to be able to add new tasks and resources as projects mature Most importantly, access to up-to-date actuals and commitments is important for accurate forecasts UI-Apps offers easier approach in one MS-Excel Worksheet Copyright © Project Partners, LLC
- 3. Eight Steps – with UI-Apps Step 1: See all financial tasks with budgets, actuals, commitments, and prior forecast Step 2: Add new tasks/resources as needed Step 3: Choose tasks/resources to forecast against Step 4: Add/update ETC amounts as needed Step 5: See amounts roll-up in real time Step 6: Refresh Actuals Step 7: See total forecast plan in one sheet Step 8: Compare total forecast plan totals with Original and Baselined budgets UI-Apps offers easier approach in one MS-Excel Worksheet Copyright © Project Partners, LLC
- 4. Step 1: See All Financial Forecast Tasks One worksheet display all financial forecast tasks Task/Resource Dates Financial Forecast Tasks Resource Details Quantities and Amounts Copyright © Project Partners, LLC
- 5. Step 2: Add Tasks to Forecast as Needed Task Maintenance: Add new, indent, outdent, manage dates b. Click indent or outdent a. Click Add Task to add new tasks c. Change dates Copyright © Project Partners, LLC
- 6. Step 3: Choose Tasks to Forecast Against Add resources to tasks for forecasting a. Click Add Resource b. Choose Resource Format c. Select Resource Copyright © Project Partners, LLC
- 7. Step 4: Add Estimate-to-Complete (ETC) Amounts ETC amounts are calculated automatically when quantities are input for rate-based resources, and all ETC amounts are spread over remaining periods based on spread method selected. a. Enter Quantity c. Select spread method b. Amounts are automatically calculated from rates in Oracle d. Amounts automatically spread Copyright © Project Partners, LLC
- 8. Step 5: Real-Time Roll-up Amounts roll up to higher tasks and project in real time As new resources are added, amounts automatically roll up to higher tasks and project levels New Resource New Rollup Totals New Resource Amounts Copyright © Project Partners, LLC
- 9. Step 6: Refresh Actuals Maintain total forecast, but get real-time actual amounts Refresh Actuals Button Replaces current Pd ETC with actuals Keeps current forecast the same Downloads current actual amounts Adjusts next open period ETC to reflect any difference between actuals and current period ETC Copyright © Project Partners, LLC
- 10. Step 7: See Total Forecast One worksheet display total forecast and component amounts Task/Resource Dates Financial Forecast Tasks Resource Details Actuals + Commitments + ETC = Forecast Quantities and Amounts Copyright © Project Partners, LLC
- 11. Step 8: Compare Forecast Plan Totals One worksheet display all financial forecast tasks Compare Forecast Amounts Copyright © Project Partners, LLC
- 12. Easy Forecast Creation with UI-Apps Use the flexibility of financial plans in Oracle Projects to effectively forecast your project Quickly and easily create and update your forecasts with one MS-Excel worksheet using UI-Apps Stay tuned for more Hidden Gems from Project Partners Copyright © Project Partners, LLC
- 13. UI-Apps Hidden Gems A series of videos describing unique features of Project Partners UI-Apps which add significant functionality to Oracle Projects See them all on the Project Partners YouTube Channel http://www.youtube.com/user/ProjectPartnersLLC Copyright © Project Partners, LLC
- 14. For more information: Phone: 650.712.6200 email: info@projectp.com www.projectp.com Copyright © Project Partners, LLC 14
Editor's Notes
- Depending on your organization’s requirements, it could be either one or a blended solution of both…If you have sophisticated, complex timecards or want to enter timecards for groups of people, TimeSpeed is right for youIf you have a mobile workforce that needs the convenience and flexibility to enter time while on the job, or on the go, mProjects is the answer3 flavors here?
- Depending on your organization’s requirements, it could be either one or a blended solution of both…If you have sophisticated, complex timecards or want to enter timecards for groups of people, TimeSpeed is right for youIf you have a mobile workforce that needs the convenience and flexibility to enter time while on the job, or on the go, mProjects is the answer3 flavors here?
- For customer If you have sophisticated, complex timecards or want to enter timecards for groups of people, TimeSpeed is right for youIf you have a mobile workforce that needs the convenience and flexibility to enter time while on the job, or on the go, mProjects is the answer3 flavors here?
- For customer If you have sophisticated, complex timecards or want to enter timecards for groups of people, TimeSpeed is right for youIf you have a mobile workforce that needs the convenience and flexibility to enter time while on the job, or on the go, mProjects is the answer3 flavors here?
- For customer If you have sophisticated, complex timecards or want to enter timecards for groups of people, TimeSpeed is right for youIf you have a mobile workforce that needs the convenience and flexibility to enter time while on the job, or on the go, mProjects is the answer3 flavors here?
- For customer If you have sophisticated, complex timecards or want to enter timecards for groups of people, TimeSpeed is right for youIf you have a mobile workforce that needs the convenience and flexibility to enter time while on the job, or on the go, mProjects is the answer3 flavors here?
- For customer If you have sophisticated, complex timecards or want to enter timecards for groups of people, TimeSpeed is right for youIf you have a mobile workforce that needs the convenience and flexibility to enter time while on the job, or on the go, mProjects is the answer3 flavors here?
- For customer If you have sophisticated, complex timecards or want to enter timecards for groups of people, TimeSpeed is right for youIf you have a mobile workforce that needs the convenience and flexibility to enter time while on the job, or on the go, mProjects is the answer3 flavors here?
- For customer If you have sophisticated, complex timecards or want to enter timecards for groups of people, TimeSpeed is right for youIf you have a mobile workforce that needs the convenience and flexibility to enter time while on the job, or on the go, mProjects is the answer3 flavors here?
- For customer If you have sophisticated, complex timecards or want to enter timecards for groups of people, TimeSpeed is right for youIf you have a mobile workforce that needs the convenience and flexibility to enter time while on the job, or on the go, mProjects is the answer3 flavors here?
- Depending on your organization’s requirements, it could be either one or a blended solution of both…If you have sophisticated, complex timecards or want to enter timecards for groups of people, TimeSpeed is right for youIf you have a mobile workforce that needs the convenience and flexibility to enter time while on the job, or on the go, mProjects is the answer3 flavors here?