Project Costing Rel 9

Course Description

The Project Costing course covers the features, functions and processes supported by PeopleSoft Project Costing. Learn how to use project data to support budgeting, staffing, and analysis of project activity. Learn how to allocate transaction costs from the general ledger to projects, or between projects.In addition to the functionality provided within the Project Costing application, learn how to set up and execute Project Costing integration with other PeopleSoft Applications to track project, such as Travel and Expense, Payables, Inventory and Maintenance Management. Set up and capitalize assets. Learn how to price cost transactions, generate billing transactions, and prepare to integrate with PeopleSoft Contracts.Learn To: Set up and maintain projectsSet up and capitalize assetsWork with budgeting and project team staffingIntegrate the Project Costing module with other PeopleSoft applications

Skills Gained

• Set up PeopleSoft Enterprise FMS foundation tables and project costing
• Define projects and activities
• Assign project teams
• Define project trees
• Set up project costing security
• Set up and define project budgets
• Price project cost transactions
• Set up project accounting
• Track costs from other PeopleSoft applications, like Travel and Expense, and Payables
• Analyze projects
• Generate project reports
• Generate project billing
• Use projects to capitalize assets
• Use projects to retire assets
• Use projects to support maintenance management and asset capitalization

Who Can Benefit

• Business Analysts
• Functional Implementer

Prerequisites

• Understanding of basic navigation and PeopleSoft concepts
• Use of control tables to enforce business rules
• Able to run processes and reports

Syllabus

Defining Projects

• Identifying the Methods for Adding a New Project
• Adding Project Activities and Defining the Work Breakdown Structure
• Identifying the Sources of Project Transactions
• Describing the Information Stored in Project Transactions

Assigning Project Teams

• Identifying the Features Associated with Project and Activity Teams
• Describing Project Role Functions
• Defining a Project Team
• Defining an Activity Team
• Describing Eligibility for Charging Time and Expenses to a Project

Using Project Trees

• Explaining the Use of Trees in Project Costing
• Creating Project Trees Using the Tree Manager
• Adding Projects to Trees from a Project

Defining Project Costing Security

• Defining Role-based Security
• Controlling Access to Projects Using Security Options
• Controlling Analysis Group Access on a Project.

Setting Up Project Budgets

• Identifying the Options for Creating Project Budgets
• Explaining the Features of Project Budgeting
• Setting Up Project Budgeting
• Defining Budget Plans
• Defining Budget Details
• Distributing Budget Details
• Finalizing a Budget
• Adjusting a Budget

Preparing to Price Project Costs

• Describing the Pricing Process
• Defining Resource Rates
• Defining Rate Sets
• Defining Rate Plans
• Describing the Use of Tiered Pricing
• Identifying the Options for Applying Rates to Project Transactions
• Setting up Manager Transaction Review
• Discussing the Functions of the Pricing Engine

Defining Accounting for Projects

• Describing the Accounting for Projects Model
• Setting Up Organizations for Accounting
• Describing Organizational Sharing Functionality
• Defining Accounting Rules

Tracking Time and Expenses from PeopleSoft Expenses

• Identifying the Options for Integrating Employee Time and Expense Information to Project Costing
• Describing PeopleSoft Expenses Integration with Project Costing
• Describing Approval Options for Project Time and Expense Transactions
• Integrating Expense Reports from PeopleSoft Expenses
• Integrating Time Reports from PeopleSoft Expenses
• Running the Expenses to Project Costing Integration Process
• Explaining the Integration of PeopleSoft Services Procurement Data

Tracking Time and Labor from PeopleSoft Time and Labor

• Describing the Integration of Project Costing with Time and Labor
• Setting up Project Costing Time and Labor Options
• Running the Time and Labor Integration Process

Procuring Project Materials

• Explaining the Procurement Integration Process
• Integrating Requisition Information with Project Costing
• Integrating Purchase Order Information to Project Costing
• Reconciling Requisitions and Commitments
• Integrating Payable Information with Project Costing
• Reconciling Purchase Orders with Payables
• Explaining the Integration of PeopleSoft Inventory Data

Capturing Transactions from the General Ledger

• Adding Project Information to Journal Entries
• Creating Project Transactions from Journal Entries

Analyzing Projects

• Describing the Project Valuation Inquiry
• Describing the Transactions in Progress Real Time Inquiries
• Discussing the Budget vs. Actual Real Time Inquiry
• Describing the Use of Transactions Summaries by Project
• Describing the Use of Activity Team Inquiries
• Describing the Use of Analysis Groups for Reporting
• Describing the Use of Flexible Analysis Drill Down

Reporting on Projects

• Explaining Reporting Options
• Populating the Reporting Options Table
• Generating Reports Using Reporting Options
• Create Query Reports Using the Reporting Options Table

Adjusting Project Data

• Describing the Transaction Adjustment Process
• Adjusting Transactions

Allocating Project Costs

• Describing the Purpose and Options for Allocations
• Describe the Types of Allocations
• Defining an Allocation Step
• Generating Allocations
• Reviewing an Allocation

Generating Accounting Entries

• Generating Accounting Entries
• Creating Journal Entries

Integrating with PeopleSoft Asset Management

• Setting Up Basic Asset Integration Options
• Describing Maintenance Management Integration with Project Costing and Asset Management
• Creating a Project Managed Work Order
• Accumulating Costs for a Work Order

Using the Express Capitalization Process

• Setting Up Express Capitalization
• Defining the Express Asset page for Each Capitalization Rule/ Integration Trigger Permutation
• Using the Manual Capitalization Review Page
• Running the Express Capitalization Process

Using the Manual Capitalization Process

• Assigning Transactions to an Asset
• Updating Assets with Project Costs
• Reviewing Summarized Asset Costs
• Viewing Asset Data in Asset Management
• Describing Asset Reversals

Retiring Assets

• Describing Manual Asset Retirement
• Describing Asset Retirement for Work Order Assets

Summarizing and Archiving Project Data

• Describing the Process for Summarizing Project Data
• Describing the Process for Archiving Project Data

Deleting Project Data

• Describing the Process for Deleting Project Data
• Identifying the Records Deleted in the Project Delete Process