Define plan settings to specify how to enter and view amounts for budget and forecast versions. Plan settings also determine whether you must define currency settings and select planning elements (tasks and planning resources). The options available when you define plan settings vary based on whether you are defining planning options for a project template, project, plan type, or plan version.

Approved Budget / Primary Forecast Designations

When your implementation team creates a financial plan type, they can optionally designate a budget plan type as an approved cost budget, an approved revenue budget, or as both. A forecast plan type can be designated as a primary cost forecast, a primary revenue forecast, or as both.

For information about approved budget and primary forecast designations, see: Financial Plan Types, and Adding Plan Types to a Project.

Amount Entry Options

When you add a plan type to a project or create a budget or forecast, you can select the fields for which you want to enter plan amounts. The fields available for selection depend on whether the plan type allows entry of cost amounts, revenue amounts, or both cost and revenue amounts.

Display and Reporting Options

Use the following options to define how you want to display and report plan quantities and amounts:

Plan Amounts in Multiple Currencies

If the project currency and the project functional currency for a project are different, then the system automatically selects the Plan Amounts in Multiple Currencies check box. Otherwise, you can select this option at the project, plan type (in the context of a project), and plan version levels to enable the entry of budget and forecast amounts in multiple transaction currencies. For more information on selecting currencies, see: Defining Currency Settings.

Rounding Factor

The Rounding Factor setting controls how whole numbers are displayed when you view budget and forecast quantities and amounts. For example, if you select a rounding factor of 100, Oracle Projects will display a value of 25,000 as 250.

Report Cost Using

When you add a plan type to a project that allows entry of both cost and revenue amounts, you can use this option to choose whether to calculate margins based on either raw cost or burdened cost amounts.

This option also controls whether raw cost or burdened cost amounts are displayed in the Cost column on the Budgets and Forecasts page.

Report Quantity Using

If you plan for cost and revenue amounts in separate versions, then you can choose whether to report quantity amounts based on either the cost quantity or the revenue quantity.

Resource Breakdown Structure

You can select a resource breakdown structure to control how Oracle Projects rolls up and summarizes budget and forecast amounts for planning resources. You can determine whether to select a resource breakdown structure in which resource classes are enabled or disabled to attach to a project.

Plan Options

Cost and revenue plan options enable you to define the level of detail at which you enter plan amounts. You can select cost and revenue plan options at the project, plan type (in the context of a project), and plan version levels. You can select different options for cost and revenue plans, or you can use the same options for both cost and revenue plans.

To use the same plan options for cost and revenue, specify only cost plan options and select the Use Cost Plan Options for Revenue option on the Plan Settings page. When you select this option, Oracle Projects automatically selects revenue plan options based on the cost plan options.

Lowest Level

Select a lowest level planning level to specify the lowest level of the financial structure at which you want enter budget and forecast amounts. You can select one of the following levels:

• Project

• Top Task

• Lowest Task

If you select Lowest Task, then you can plan at any level of the financial structure including lowest tasks, mid-level tasks, and top tasks. In addition, you can plan at multiple levels within the same financial structure branch. Oracle Projects treats the amounts that you enter at each task level as incremental amounts that roll up into the total amounts for the project. If cost breakdown planning is enabled for your project, then you can select only top task or lowest tasks as the lowest planning level.

For more information, see: Selecting Planning Levels for Budgets and Forecasts.

Resource Information

You can optionally select a planning resource list to enable the entry of plan amounts for planning resources. You can select a planning resource list with resource classes enabled or disabled. If you select a planning resource list with resource classes disabled, you cannot select a resource breakdown structure for the same plan type with resource classes enabled. If you select a planning resource list with resource classes enabled, you can select a resource breakdown structure for the same plan type with resource classes enabled or disabled. For more information, see: Categorizing Budget and Forecast Amounts by Resources, and Planning Resources and Planning Resource Lists, Oracle Projects Implementation Guide.

Time Phase

You can optionally select a time phase that enables you to enter plan amounts by PA period or GL period. When you select a time phase, you can also select a period profile (for the project template, project, plan type in the context of a project, and plan version) and the current planning period (for a plan type in the context of a project and plan version) to control how Oracle Projects displays amounts by time period. For more information about period profiles and selecting a current planning period, see: Using Period Profiles, and Period Profiles.

If you do not select a time phase, then you must enter amounts for the duration of a project or task. For more information, see: Selecting Time Phases for Budgets and Forecasts, and Date Processing in Oracle Projects.