You can enter budget and forecast amounts in total for the duration of a project or task (also known as budget or forecast at completion), or you can enter amounts by time period. You can enter amounts by time period for categorized and uncategorized budgets and forecasts.
You can delineate a budget or forecast by one of the following time phases:
PA Periods: Established Oracle Projects periods
GL Periods: Established Oracle General Ledger periods
None (budget or forecast at completion)
Note: When you create budgets that use budgetary control features, you cannot create budgets that use a time phased of date range.
Note: When you create budgets that use budget integration features, you must use a time phase of GL Period.
You can select a different time phase for each plan type in the context of a project and plan version. For example, you can create a detailed cost budget version by PA Period, a summary cost budget version by GL Period, and a revenue budget for the duration of the project.