Guided Demonstration -

Create a Budget Version

Workbook

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Guided Demonstration - Create a Budget Version
Distribution
R12 Project Management Fundamentals

D47872GC10

Ownership
The Job Title is responsible for ensuring that this document is necessary, that it reflects actual
practice, and that it supports corporate policy.

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Guided Demonstration - Create a Budget Version
Find the Project

1. Responsibility = Projects SU, Vision Services (USA)

2. Navigate to the Search Projects page

 (N) Projects: Delivery > Search Projects

 (B) Advanced Search

3. Find and select the XX Cost Plus Project

 Select Show table data when any condition is met option

 Enter the search criteria in the Project Name field

 Project Name is = XX Cost Plus Project

 (B) Go

4. (H) XX Cost Plus Project

Create a Plan Version

5. Navigate to the Budgets and Forecasts page

 (T) Financial

6. Select the Approved Budget plan type

7. (B) Create Plan Version

Field Value
Name Version 1 Approved Budget
Description Approved budget for XX Cost Plus project

Edit Planning Options

8. Select Edit Planning Options from the Apply and list

9. (B) Go

10. Define the plan settings

Field Value

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 Approved Budget
Approved Cost Budget Yes (read only)
Approved Revenue Budget Yes (read only)
Amount Entry
Quantity Yes
Raw Cost Rate No
Burdened Cost Rate No
Raw Cost No
Burdened Cost No
Plan Amounts in Multiple Currencies No (read only)
Bill Rate No
Revenue No
Reporting and Display
Resource Breakdown Structure Standard RBS (view only)
Report Cost Using Burdened Cost
Display Factor 1
Cost And Revenue
Lowest Level Project
Planning Resource List Standard Planning List (no Central
Control)
Time Phase GL Period
Period Profile GL Period
Current Planning Period Accept Default Value

 (ST) Currency Settings

11. Define the currency settings

Field Value
Project Functional Currency: USD
Cost Rate Type Corporate
Cost Rate Date Type Start Date of Plan Period
Cost Rate Date Leave Blank
Revenue Rate Type Corporate
Revenue Rate Date Type Start Date of Plan Period
Revenue Rate Date Leave Blank

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 Add Transaction Currencies
Currency USD - US Dollar (view only)
Cost Conversion Rate to: USD (first) Leave Blank
Revenue Conversion Rate to: USD Leave Blank
(second)
Currency CAD - Canadian Dollar
Cost Conversion Rate to: USD (first) Leave Blank
Revenue Conversion Rate to: USD Leave Blank
(second)

 (ST) Rate Schedules

12. Enter rate schedule information

Field Value
Use Planning Rates Yes
Cost
Employee Leave Blank
Job Cost Rate by job
Non-Labor Resource Leave Blank
Resource Class Resource Class Rates
Burden Schedule Internal Costing
Revenue
Employee Bill Rate by Emp
Job Bill Rate by Job
Non-Labor Resource Non-Labor Bill Rate
Resource Class Res Class Bill Rates

 (ST) Generation Options

13. Specify Generation Options

Field Value
All Generation Options
Source Financial Plan
Plan Type Estimate
Version Leave Blank
Revenue Accrual Method WORK (read only)

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 Revenue Derivation Method Work
Include: Open Commitments Yes
Include: Billing Events Yes
Include: Retain Manually Added Plan Yes
Lines

14. (B) Apply

15. (H) Home

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