Purpose to assign more than one budget to a project

Dear members,

In the calculation of the cost of Oracle projects module, allows us to assign more than one budget to a particular project.

May be it someone please tell me what is the real time requirement and the objective of this feature.

Thanks in advance.

Best regards.

Hello

Budget types can be associated with different managerial process.
Examples-
For project contract, you can set a budget type to represent the amounts presented and approved by the client and define another type of budget for internal management, maybe with more granular budget input method.
.
Companies can set the initial budget of the project and does not have to update that. The other type to represent the most recent updated forecast project. Then compare the forecast for the initial budget.
.
There could be separate budgets for controlling parts of the costs of the project. As the use of a budget only to control external spending. On that, you enter budget amount only for materials, outside the transformation and the types of expenditure of subcontracting.

Dina

Tags: Oracle Applications

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