Archive for May, 2009

Funds Checking, Budgetary Control and Budget Integration with GL for Oracle Project Management

Friday, May 15th, 2009 by Barry Crawley

Astounding as it may seem, when Oracle launched Oracle Project Management (PJT), it surprised many people by actually stating in the associated manuals that some functionality had in fact disappeared, if users adopted the financial planning model that is available in PJT. Throughout the manuals there are statements to this effect.

What this actually means is that if an organisation wishes to use Budgetary Controls, where by project budgeted funds are checked when users attempt to raise a requisition, they can not use the PJT financial planning model (planning resource lists, etc.) or vice versa. The same applies to budgetary integration between Oracle Projects and General Ledger.

This is highly irritating to organisations that want both and has not helped the cause of PJT, delaying the adoption of this functionally rich application. Organisations have been forced to choose between the two and prioritise where the biggest benefit lies. This adversely affects sectors where budgetary control (aka Funds Checking) is important, such as Higher Education & Research. This is far from ideal and it has vexed the consultants at Projected for some time.

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Warning over decreasing IT Training budgets

Tuesday, May 12th, 2009 by Donna Butchart

Introduction

Training budgets within every organisation are under threat.  The global financial situation continues to worry UK and international executives and many organisations are reducing costs.  Organisational training and development is often one of the first issues to be reduced and there is a ‘perceived’ need to lower the level of investment in organisational learning and development in order to immediately reduce costs.

This short term view is flawed and research has shown that investment in organisational training and development, in order to increase the skills and knowledge of key staff, increases productivity, improves organisational efficiency and raises staff morale, delivering a cost effective return-on-investment throughout the organisation.

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