Indicates the current status of a project.
Oracle Projects provides several predefined project statuses. You can define additional project statuses in the Status window. Status Controls for each project status allow you to set up permissions or restrictions on actions for each project status. Next Allowable Statuses allow you to control which statuses are permitted as the new status when a project's status is changed manually.
For example, you can control whether new transactions can be charged to a project with a certain project status. The same is true for revenue accrual and invoicing. See: Project Statuses, Oracle Projects Implementation Guide. In addition, you can run costing for uncosted transactions that have already been charged to a project that now has a Closed status. See: Controlling Expenditures
The Starting Status for the project's Project Type determines the default value of this field.
To change the status of a project, you choose Change Status. When you enter a status change for a project, Oracle Projects uses the following rules to determine if the status change is allowed:
The project must have class codes entered for all required class categories. See: Project Classifications.
If the project is a contract project, the project must have at least one customer, and the total billing contribution must equal 100%. See: Customers and Contacts.
The project must have a project manager assigned to it.
The new status must be an allowable next status. See: Project Statuses, Oracle Projects Implementation Guide.
In addition to these rules, Oracle Projects provides a client extension, the Project Verification Extension, that you can use to define additional rules you want to apply for changing the project status of a project. See: Client Extensions, Oracle Projects APIs, Client Extensions, and Open Interfaces Reference.