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Agreements

In Oracle Projects, an agreement represents any form of contract, written or verbal, between you and one of your customers. For example, an agreement may correspond to a purchase order, a continuing service agreement, or a verbal authorization.

See Also

Entering Agreements

Enter an agreement

An agreement provides the funding for projects and tasks. Each agreement you define includes the following items:

If you specify a hard revenue limit on an agreement, Oracle Projects prevents revenue accrual or billing activity beyond the amount you funded to a particular project or task.

If you specify a soft revenue limit, Oracle Projects provides a warning telling you when revenue for the project exceeds the amount you funded.

No project or task can accrue revenue without an agreement to fund its revenue budget.

Fund multiple projects with one agreement

You can allocate funds from one agreement to any number of projects or top level tasks.

If your business deals with very large contracts, and divides the work into separate projects, you can use one agreement to fund each project. You may assign some of the work to a time and materials project; other work to a fixed price project; and other related bid and proposal work to an indirect project. The agreement represents the total value of the contract; you can generate separate invoices for each contract project.

An agreement may also represent a contract to do an unspecified amount of work over a period of time. You can create a project as various pieces of work are defined. Each of these projects is funded by the master agreement.

Revenue and invoices

All revenue and invoices in Oracle Projects are recorded against an agreement, and all items that accrue revenue against an agreement subsequently bill against the same agreement.

See Also

Entering Agreements

Funding a Project

Project Funding Inquiry Window Reference

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