Project Cost Rates - Standard & Actual (EXTENSION)

Hi,
Can we use both Standard and actual cost rate (via Extension) for costing purpose for a particular Operating Unit/Organization.
What we noticed is that the Actual cost rate (Extension) is overriding the standard rate schedule and also labor costing overrides.
Can you share some thoughts on the same.
Thanks & Regards,
Rakesh Menon

Hi
When you use Labor Costing Client Extension in Oracle Projects Costing, the rate resulted from the extension will override anything else.
If the extension returns null value system will use labor costing override, if applicable.
Only as last method, system will pick the cost rate from the rate schedule.
Dina

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Need a filled Project Costing BP080??

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Edited by: Arvind N on Aug 12, 2009 4:37 AM

Did you get it?? If yes please send it to me.

A Standard RRB report that shows actual project cost line items .... ?

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Thanks Virendra Pal but the VAx5 reports are not really the answer - maybe a custom report will be required right enough.

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We use Project Server 2013 to manage resources that often perform multiple roles within projects and also have different rates between projects. The Standard Rate from the user's profile is somewhat helpful but, as we all know, it carries over to every
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I have tried opening Project Professional 2013 and using the additional Cost tabs in the user's information to enter different rates in tabs, B, C, D and E (tab A is the default Standard Rate from Project Server).
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Dale is right in that an Enterprise Resource can only have its rates (or any details) set by the administrator. Unfortunately you are limited to 5 rates (A-E).
I have done a macro for a client that reads rates for a resource for a project from a database (or Excel) every time the project is opened. So you see the correct rates and calculated costs.
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Author of the one and only Project VBA Book
www.project-systems.co.nz

Can you set a Cost Rate Table to be used for an entire project

In earlier versions of project, the default cost rate table (A) is used unless changed by the user for each assignment. In 2010, is it possible to define which cost rate table to use for the entire project, not at the assignment level?
Thanks.

Hi melduncan,
Welcome to this Microsoft Project forum:)
I assume you want project to have a default cost rate, so why not set the cost rate details into A to begin with, You could then set this as a template from which you initiate all your new projects see FAQ
Item: 8. New Project Template. FAQs, companion products and other useful Project information can be seen at this web address: http://project.mvps.org/faqs.htm
Hope this helps - please let us know how you get on :)
Mike Glen
MS Project MVP
See
http://tinyurl.com/2xbhc for my free Project Tutorials
"" wrote in message
news:[email protected]...
In earlier versions of project, the default cost rate table (A) is used unless changed by the user for each assignment. In 2010, is it possible to define which cost rate table to use for the entire project, not at the assignment level?
Thanks.

Standard & actual cost table

Sir,
I ve to create standard & actual cost report for client in PP
But i cant gate table & field name for:-POWER & UTILITY,
                                                            PACKING COST,
                                                            SALARY & WAGES,
                                                           FACTORY OVERHEAD,
                                                           DEPRECIATION
Hi gurus please suggest table names
Moderator: If it's PP, why do you ask it on Conrolling forum? Anyway, a question likes this could not be properly answered

Hi
Check the fun modules
K_VARIANCES_PARALLEL_CALC
K_VARIANCES_HIERARCHY_CALC
K_VARIANCES_OBJECT_CALC
<b><REMOVED BY MODERATOR></b>
regards
Anji
Message was edited by:
        Alvaro Tejada Galindo

Standard reports - Project Costing and Project Billing

Does anyone have a document they can share that lists the standard reprorts in Project Costing and Project Billing along with descrptions.
Thank you!

Hi,
Refer Project Fundamandals user Guide Page 459 : http://download.oracle.com/docs/cd/B53825_08/current/acrobat/121pjfug.pdf
Thanks
Govind

Allowed GR reversal affecting the project costs

Hi,
We have just performed our month-end settlement but when we are tallying our project costs and project costs clearing accounts, we have noted discrepancies. The discrepancies were from the reversals of GR for projects costs that were already settled. Is this really the standard of the system? To allow reversal of GR even if project costs were already settled to AUC?

Hi,
Suppose take a material A for which in month Jan you created a requirement PR-PO for the same, after that you did GR for the same in same month of Jan. Then you perform period end process for Jan., so your jan month will have actual of that material with respect to that CO object which will have actual posting in GL for that month. Now, in Feb general procees after period end process of jan, you reverse the GR with respect the present period that Feb. and and now you compare the value of settlement and present Account's value which would not match, so it will match once you settle this present updates with respet that material for the same CO object, then it will match with account's values
Best Regards
Vicky

How to derive/generate Revenue only wth Project costing?Burdening possible?

Hello Experts / Dina,
I am doing a implementation to customer where only Project costing is in scope and customer wanted to derive / generate revenue for few of the revenue generated project using oracle project costing. Currently this customer is using legacy external application to enter manual journal for revenue.
So can you please provide me workaround to achieve only revenue generation using oracle project costing?
I have one workaround but wanted to validate from you all experts. Plz help me...
1. Enabling budening on same expenditure item I can generate revenue using burden schedule and setup total burden cost db and cost cr account in auto accounting so that burdent Cost Crd account will be a reveue account and burden Cost dbt account will be UBR a/c. and then transfer the burden cost to GL as revenue vs UBR.
This work around is thorotical and dont know what is implication of burden mulitpliers. If I used this workaorund then revenue (burden cost) amount is depend upon the expenditure orgnization multiplier and not on job based or employee based. How to solve this problem?
I think there is possibility to drive the burden multiplier based on expenditure types..if taken that approch then end up in creating lot of expenditure type for each multiplier.
So please help with workaround or someother method.
Thanks

Hi Dina,
First of all many many thanks for posting your answer on this question.
1. > I tried using total burden schedule approch to generate revenue but I think there is problem to restrict the accounting for the expenditur items which should not be burden ( need not to be generate revenue). As Total burdening approch creates burden accounting as raw cost though burden mulitplier is not specified ( system takes as value 0) :(
2.> Then I tried a approch of using create & distribute burdening method ( burdening on separate expenditure item) - This works fine and generate burden accounting ( revenue a/c -& UBR). And provides a restriction of generating revenue on selected expenditure items based on burden schedule schedule (multiplier as 0 not specified). On Expenditre Inquiry also can reports a revenue after querying on Expenditure Type Class as "Burden Transactions". You can also reverse items and reverse costing / burdening ( reveneu ) with normal standard process.
3.> If I wanted to use borrowed and Lent processing then I guess it will be easy. But only problem is I can't keep Project Org as Resource Org. Then there is pain in defining lot of resource organization and project organization ( I m not sure customer will agree :() . Also after referring the Project API guide I am still confuse about 2 diff extention doing same thing.
a.> Transfer Price Determination Extension b.> Transfer Price Override Extension . Can you please explain what is difference between both of them and wat is purpose for both of them?
Also In case i don't used the extension then I will be left only using Transfer price % ( 100% + ) to derive my revenue price? rght? Also I am not sure how can customer will have restrictions on the expenditure items which should not generate revenue? ( By defining another transfer price schedule on the selected TASKS with rule as transfer price % 0? )
and I hope by using borrowed and lent processing I can do adjustments ( like reversing of revenue ) as standard way?
Please guide.
Thanks a ton !!!
Cheers,
:-)

Cost rates maintained in ERP system and cost elements from PPM 5.0

Hello experts,
I will appreciate it if you could help me with this subject below.
I want to search in ERP system what cost rates are maintained for each approved worked hour in PPM system. But, I do not know where should I look for this.
I take a look on the report of the created internal order:
You can see, that the actual posting of 25.000 is booking in the ERP PROD system on cost element IT-HOURS
When I display the booked working times I find 5 Hours taht I booked on my personnel number on Internal Order :
I want to know where in the system is maintained the cost rate that calculates automatically the 5 hours booked on cost element IT-HOURS to 25.000 . So each hour costs 5.000. I want to change the amount of each hour from 5000 to 50.
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Ruxandra P.

Hi Ruxandra!
You have to distinguish plan costs from actual costs. By doing time confirmation (e.g. via CATS) on your internal order the system posts actual costs.
Using the Role concept of PPM (role-based or task-based) you are dealing (generally spoken) with plan costs. Derived from your entry message I suppose you are already using accounting integration.
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Creating a full project costing template ?

hey all
im new to numbers and never used excel.. i noticed on my ipad the employee calucation template and thought it would be awsome to do something very simlar but be able to use it as a specific project costing tool.
the template would be the same but also have drop down boxes for specific products & materials used on each project that marrys up to a specific price for each product all predetermined..
is this possible?
i envisioned tab one to be project expense product/materials, tab two employee time sheet , tab 3 overall job costing which corilates wtih the actual cost of the project so for instance if the project is worth
$10,000 , materials are $2000, employee wages are $4000 , the tab will show the remaining budget of the project worth minus expense along with cost break downs in the way of charts and expenses. it would also be nice for it to be able to show profit margin for not only gross but net aswell.
iv been trying to discect the employee schedule template but im just too lost. does anyone know of a place or outsource whom i can pay to input the formulas if i provide the "template design" so to speak?

or the results are unpredictable
The idea is that you are responsible for configuring, calibrating, and characterizing the colour devices over which you have complete control.
For the studio photographer, it is the colour scanner, the colour camera, the colour display and the colour proof-printer / colour presentation-printer.
For the studio typographer, it is the colour display and the colour proof-printer / colour presentation-printer.
In a matching session, from the minute you start your scan you can preview what colours the printing condition will provide - if the press does not drift from that printing condition.
Does this work as such? Yes. Does this work if the photographer, the typographer or the lithographer at the press do not understand how a colour matching session is set up. No. Does this work without costly hardware and software, and without complex configuration. No. (Does this work without spot colour? Oh, yes -:)). The ticket into a colour managed process is the cost of a production Mac - a measuring instrument and software come at a considerable cost. Same with a professional smart font - whether as a family of fonts for specific sizes or as a single smart scalable font.
Just as I can quote Ron Gentile of Adobe to you from April 1992, and further on the advantage that no cap is put on the gamut of device colour spaces in the ICC architecture, I can quote Perry Caro of Adobe to you from September 1992 saying that the advantage of ASCII is that content and appearance are essentially the same, and urging that a cap be placed on the glyph space gamut in Apple TrueType. Caro cites a technically obsolete, but not recalled, standard on the glyph space gamut: ISO 9541 for Adobe Type 1. I have it here, believe it or not.
/hh

Settlement of Project Cost and revenue to GL

I am trying to Settle the project Cost and Revenue to GL account. For the same I have defined settlement profile maintaining GL as optional receiver and then I have maintained Source structure for cost and revenue as to separate them at the time of defining settlement rule, defined Allocation structure where in receiver against source, I have assigned GL as by cost element receiver. After that I have maintained settlement rule for WBS element, but when I am running a settlement is done to either of the GL for cost or Revenue which ever is defined first in settlement rule. It is not creating any settlement for second line item of the settlement rule and system is not giving any error message as well.
Where as if I am trying individually only for cost or revenue , settlement is completed with all the values but with any accounting document generated, but if I see the entries to that GL, a settlement entry is created for that transaction.
Can anyone please help in solving this issue ASAP.
Thanks and Regards

Hi,
    If it is posting to the first line means....
Follow the steps below:
First try to create a project and post the actuals and revenues.
Go to cost element report pick up those cost elements both for costs and revenues.
Go to Soruce Structure in the config, define the structure with name for Ex: 'Z1' and define two assignments, one is Costs and other Revenue, by selecting the costs go to Source mention the cost element where the actual costs are posted on (Mention only that cost element no other cost elements), next select the Revenue assignment and click on Source and mention the only cost element where the revenue wsa posted (Mention only that revenue cost element no other cost elements) and save the transaction.
Come back to project builder, select the wbs and click on settlement rule, in the menu goto-->settlement parameters and check whether the source and settlement profiles are correct or not, incase source structure is not available mention the same.
come back to settlement Rule overview and fill the fields as mentioned below:
1st line:   Category: GL
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              Source Structure: COSTS
2nd Line: Category: GL
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              Source Structure: REVENUE.
Now Run the Settlement for the specific period costs posted, the costs will be posted seperately to the two different GL Accounts.
I think this will resolve your problem.
Rgds
Sudhir Reddy

Material Ledger,Revaluation Production Cost Center ,Standard Cost

Hi, I have a problem with revaluation of production cost centers.
Firstly, production cost center expenses are settled via activity types onto the production order at the end of the period. However, CKMLCP revaluate cost centers after the settlement because of using standard price. So cost centers at the end of the period have some amount.
As a result we can not find actual price for production orders.
If I use standard cost in order to consume on cost centers, material ledger revaluates again this cost centers. I dont want this condition. Because this cost center is settled to other cost object before closing.
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Message was edited by:
Ergul Taslacioglu

Hi
Go to the following path in SPRO:
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Can Oracle Project costing drive the depreciation expense amount from FA

-Does Oracle project have direct integration with Oracle FA for deriving the Depreciation amount to oracle project costing and same as sallary in oracle payroll ?
Answer:
1) No, there is no integration as such with Payroll
--- Second Q If Yes ;
If i have Machine X it depreciates 100 USD per month , so i have assigned this machine for 15 days in project 1 and the other 15 days to project 2 did the system will allocate 50 USD to project 1 and 50 USD to project 2?
Can someone answer this - my thoughts are ...
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Please if the Q1 have answer yes i need document how to do this integration , and if Q2 answer is yes also i need who to or what is the condition to reach this point?
Thanks, Ferhiz DInshaw

per our pidgin conversation:
first of all, you are right - there is no such integration with Payroll or FA. depreciation is calculated in FA only. in Projects we do not derive it or control it in any way.
all we do in PA is we collect costs as they occur, generate asset lines and advise FA that an asset is subject to depreciation
regarding multiple projects - that is not how it works right now. a project can have as many assets as needed. However these assets are bound to a single project and do not exist as organization wide transactions.
when you interface your asset lines to FA, you can merge them to existing assets. This again is standard FA functionality. If there is a requirement to have cross project assets in PA, it is an enhancement request.
hope it helps
thanks
gene

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Hello Experts
Our client has a scenario when they received the unplanned Delivery cost before the actual invoice of that purchase.
We are handling the Unplanned Delivery cost by entering on the header level on the regular scenario.
Can somebody give there exert thought how we handle the Unplanned Delivery Cost Invoice before the actual Invoice.

Hello,
It is a process issue and I have seen similar situtations. Here is a possible solution.
1. You should estimate the standard freight and put this as part of Material Cost.
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Project Cost Rates - Standard & Actual (EXTENSION)

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