Oracle Cloud PPM – Budget Integration and Approval Solution for Top Down Budgets
Oracle Cloud PPM– Budget Integration and Approval Solution for Top Down Budgets
The key priority of the project was to provide a consolidated budget approval process to the Client.
As a part of Client’s decision to implement Oracle Cloud PPM solution, the client needed a solution to Interface the Program budgets to PPM Module as a consolidated parent budget and design an approval process for the budgets for the phased activities.
The Client’s Program budgets are approved by a group of stakeholders in EPM. As the programs are executed in a phased manner, the first requirement was to interface the EPM (Program) budget to Oracle cloud PPM as originally Approved budget for the entire program.
Another requirement was to design the budget approval process in a way that, the execution budget approval happens on the basis of estimated cost for that specific phase of the program independent of already completed phases.
1. Follow amount-based approval hierarchy.
2. Allow first two budget versions bypass the approval logic and get auto approved/baselined.
The approval process should follow an Approval hierarchy for Budget Approvals depending on the amount slabs.
1. Version one created with budget amounts equals to EPM budget and is designated as “Original Baseline budget”
2. Version two created with “ZERO” cost budgets amounts. This budget is designated as “Current Baseline budget”
Any new budget version created in PPM by the project Managers for each of the execution phase followed the workflow approval process, Levels of Approvals needed was determined by calculating Budget/Estimated Amount for the Current Execution Phase = Current Working Version Amount - Current Baseline Amount