28-05-2014, 03:25 PM
ORACLE HYPERION PROJECT FINANCIAL PLANNING
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Project Financial Planning Challenges
Operational project planning and management is a well-defined process in many
organizations. However in many cases the financial impacts of various initiatives within an
organization are not fully captured within financial statements. Decision makers are often
unable to ensure that various project initiatives are aligned with long range plans and top
down financial targets before approving them. Project planners may keep track of project-
related revenue and expenses in spreadsheets or project systems that are not integrated with
the financial planning and approval system. This approach prevents FP&A and corporate
financial decision makers from having full visibility into the impacts on company financials
when project approval and funding decisions are being made.
Integrate Project Planning with Financial Budgeting and Planning
Oracle Hyperion Project Financial Planning is a packaged application that ties project
financial plans to the enterprise financial planning and forecasting processes. It enables project
participants to identify project-related expenses and revenues, plan and propose new
initiatives, and track project results over time. It also enables Finance Departments to evaluate
and compare different initiatives, manage the funding process and perform what if analysis on
financial results, and prepare forecasts for on-going project financials.
Oracle Hyperion Project Financial Planning unifies the decision making process between
corporate financial planning, and project financial planning processes within a single
application construct. The solution addresses process disconnects between decisions made
around projects and decisions made as part of the annual financial planning cycle within an
enterprise. This is important since project sponsors and stakeholders may have different goals
from the corporate financial targets and long range plans that drive bottom up annual plans
and forecasts.
Oracle Hyperion Project Financial Planning ensures that the what-if impact analysis and
feedback loop from financial considerations for projects is instantaneous. Since the approval
processes for projects are closely tied to the approvals for financial plans and forecasts, the
application’s process controls implicitly ensure agreement between project sponsors, key
stakeholders and financial decision makers. This helps ensure alignment of project plans and
financial plans to financial targets and corporate long range financial plans.
Improve Management of Project Financials
Oracle Hyperion Project Financial Planning provides a number of benefits to project
stakeholders within all industries. With the ability to fully document all costs and revenues
associated with specific projects, managers can gain better insights into the financial impacts
of proposed initiatives and improve the effectiveness of the evaluation and funding process.
Once initiatives are approved and initiated, the application can also improve the reporting and
tracking of the financial results of ongoing projects and help managers more accurately
forecast future results of individual projects and project portfolios.
Since Oracle Hyperion Project Financial Planning is built on the same platform as the other
applications in the Oracle Hyperion Enterprise Planning Suite, finance stakeholders can easily
integrate project-based financial planning into the corporate financial planning and forecasting
process. The application also provides integration hooks to help leverage investments in
existing project management and ERP systems.
The ability to better document the financial impacts of proposed projects, improve the
evaluation and funding process, and better track the results of ongoing projects all leads to
improved management of projects and project portfolios. Organizations can improve the ROI
of funded projects and make more informed decisions about which projects to continue
funding and which ones to shift funding away from or discontinue.