Financial Management Overview

PPM provides a set of functionality collectively referred to as Financial ManagementFinancial Management enables you to do the following:

Cost rules

Set up and use cost rules to provide detailed estimates of labor costs.

  • Cost rates can be based on a number of different cost factors.

  • Cost factors can be organized by order of precedence.

For details, see Managing Cost Rules.

Currencies

Use and display multiple currencies in one installation of PPM.

  • Currency display can be user-based or entity-based.

  • Currency values are tracked against each other using financial exchange rates.

For details, see Managing Financial Exchange Rates and Currencies.

Regions

Create regions to associate them with entities.

For details, see Managing Regions.

Financial summaries

Use financial summaries to track forecast and actual costs and benefits and approved budgets for lifecycle entities and programs over a range of years.

  • Forecast labor costs in the financial summary can be rolled up (automatically calculated) from the staffing profile.

  • Actual labor costs in the financial summary can be rolled up from time logged on time sheets if Time Management is used, and also from project work plans if Project Management is used.

  • Actual non-labor costs in the financial summary for a project can be rolled up from the project work plan if Project Management is used.

  • A program roll-up financial summary is the summation of the financial summaries of the projects in the program if Program Management is used.

For details, see Financial Summaries .

Financial data tables

Configure, create, and use financial data tables to track forecast and actual costs and benefits for any type of request, including but not limited to lifecycle entities. Financial data tables are used to track forecast and actual costs and benefits for such purposes as tracking indirect costs and/or benefits.

For details, see Financial Data Tables in Requests.

Cost capitalization

Capitalize software development costs in accordance with SOP 98-1 guidelines.

For details, see Cost Capitalization.