A project has been mistakenly set up as a capital project, instead of a contract project. The project
has already incurred expenditure. How can this be remedied?
A.
Change the project type to Contract
B.
Leave the project as capital and accruefor revenueasis.
C.
Move all the costs toan contract task within the capital project.
D.
A new project should be set up and costs transferred.
E.
Delete all the expenditure Items and change the project type.
Explanation:
Note:
*Project Type
The project type determines how Oracle Projects processes costs (expenditure items) for a
project. The type you choose provides many defaults and controls for project entry and
processing. You must choose a type from one of the following project type classes:
/Use an Indirect project type to collect and track expenditure item costs and labor hours for
overhead activities, such as administrative and overhead work, marketing, and bid & proposal
preparation. You can also define indirect projects to track time off including sick leave, vacation,
and holidays
/Use a Capital project type to collect and track costs and labor hours for asset development
activities which you plan to capitalize as one or more assets.
/Use a Contract project type to collect and track costs, labor hours, revenue, and billing for
services performed for and reimbursed by a client