Project Costing Rel 9

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 projects
• Set up and capitalize assets
• Work with budgeting and project team staffing
• Integrate the Project Costing module with other PeopleSoft applications

Audience:

Functional Implementer
Business Analysts

Objectives:

• 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

Prerequisites:

Required Prerequisites:
Understanding of basic navigation and PeopleSoft concepts
Use of control tables to enforce business rules
Able to run processes and reports
Intro to PS for FMS and SCM Rel 8.8

Topics:

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