Project Initiation Pack

Project Initiation Pack

The Project Initiation Pack is a ready to install package to improve the project creation process and track project progression and the approvals obtained for both planning and estimation prior to project approval. A skeletal project is used to define the initial estimate with a probability that indicates the likeliness of it being won or funded. As the probability increases the project moves from initial status to the next allowing project managers to start planning the work and cost before submitting and approving cost budgets. Revenue planning is controlled by finance and accounting who would receive instructions and project packages upon successful submission of a cost and revenue budget who can then review for completeness and SOX compliance prior to modifying the project to active and incurring costs and revenue.

This project initiation process can also include the project creation event from other applications that would create links to Oracle Projects and its source such as:

  • Order Management
  • Oracle Sales
  • Salesforce.com

 

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