GFEBS Project Systems Course
A true project systems supports which of the following? - ANS-Cost Reporting
Funding / Funded Program Design
Execution
All of the above
Account Assignment Element - ANS-WBS's that could have actual prices collected
(performed) in opposition to them should be marked by using checking the Account
Assignment Element Operative Indicator.
Availability Control - ANS-During Availability Control, the corresponding assigned finances
are calculated and checked in opposition to the finances using Funds Availability Control.
Before a WBS can be accomplished in opposition to, dedication objects are created and
actual costs are incurred.
If certain tolerance thresholds are breached (finances surpassed), this may cause a hard
forestall within the GFEBS gadget.
A tough prevent within the GFEBS gadget is a manner that prevents all movement on an
object until the problem causing the hard prevent has been resolved. Because GFEBS is an
incorporated, actual time system, it could check fund availability and reserves budget so they
are no longer to be had for other projects.
NOTE: For a discussion for COED (Commitments, Obligations, Expenses and
Disbursements), refer to Funds Management training publications, aids, and Online Help
Procedures (OLHPs).
BI (Business Intelligence) - ANS-BI (Business Intelligence): the statistics warehousing factor
of GFEBS) BI is not actual-time, however is up to date numerous times a day
Example roles / reports are:
Command Budget Reporter
Costs Management Reporter
BI Advanced Expert
Billing Element - ANS-WBS's that may be referenced on a Sales order for a reimbursable
must be marked with the aid of checking the Billing Element Operative Indicator.
Cost Planning (1 of 3) - ANS-Cost Planning is used to plot expenses at the WBS level (even
though the fee may be viewed at an normal venture degree by using the rollup of charges
from bottom-up making plans).
, There are a couple of approaches to behavior fee making plans. This making plans data is
leveraged within GFEBS to help within the finances formula method and to compare cost
estimates to actuals. The making plans capability within Project Systems lets in GFEBS
users to plot overall, present day 12 months, or out to as a few years out as required.
Cost Planning (2 of 3) - ANS-In GFEBS, Cost Planning is commonly performed in one of two
ways:
Structure Planning
Using transaction CJ40 - this allows you to install plan values (usual, annual, or both) in any
WBS which has it Planning Element Operative Indicator set.
The fee version in GFEBS for Structure Planning is precisely bottom-up. All fees entered at a
decrease stage aggregate to the tiers above them. For this cause, an awesome exercise is
to most effective enter plan values at the lowest (execution) degrees. Values entered at
higher tiers can be overwritten by the aggregated values of the tiers under it if they exist.
Easy Cost Planning (ECP)
This lets in you to without problems input values for price at a WBS degree broken out into
Object Class Categories, which includes Labor, Travel, and so forth. ECP additionally allows
multi-12 months making plans. ECP is available from inside the Project Builder.
Cost Planning (3 of 3) - ANS-Structure Planning and ECP aren't mutually different. Both
could be completed on the same mission. You should, as an example, use Structure
planning for a rough estimate early inside the mission lifecycle and use ECP later while more
subtle, labeled fee estimates are to be had.
Both Structure and ECP Planning aid variations, starting with a default model number zero.
Finally, order price planning may be achieved for renovation orders.
It is essential to observe that deliberate expenses do no longer act as constraints or difficult
stops for execution of real costs. Rather they're used for functions of budget components
and forecasting, in addition to to run certain kinds of reviews (Planned vs. Actuals and so
forth)
Date Planning - ANS-The Project Scheduling Tool permits GFEBS to agenda a venture
timeline, both at the Project Definition or WBS Element level, to plan the appropriate project
timeframe.
WBS Element Scheduling traits encompass:
Basic start and end dates can be planned for the
WBS factors.
The dates may be extrapolated from lower to better-degree WBS elements, or handed on
from better to decrease-stage WBS factors.
The consistency of scheduling data may be established from in the WBS shape to avoid
project delays.
A true project systems supports which of the following? - ANS-Cost Reporting
Funding / Funded Program Design
Execution
All of the above
Account Assignment Element - ANS-WBS's that could have actual prices collected
(performed) in opposition to them should be marked by using checking the Account
Assignment Element Operative Indicator.
Availability Control - ANS-During Availability Control, the corresponding assigned finances
are calculated and checked in opposition to the finances using Funds Availability Control.
Before a WBS can be accomplished in opposition to, dedication objects are created and
actual costs are incurred.
If certain tolerance thresholds are breached (finances surpassed), this may cause a hard
forestall within the GFEBS gadget.
A tough prevent within the GFEBS gadget is a manner that prevents all movement on an
object until the problem causing the hard prevent has been resolved. Because GFEBS is an
incorporated, actual time system, it could check fund availability and reserves budget so they
are no longer to be had for other projects.
NOTE: For a discussion for COED (Commitments, Obligations, Expenses and
Disbursements), refer to Funds Management training publications, aids, and Online Help
Procedures (OLHPs).
BI (Business Intelligence) - ANS-BI (Business Intelligence): the statistics warehousing factor
of GFEBS) BI is not actual-time, however is up to date numerous times a day
Example roles / reports are:
Command Budget Reporter
Costs Management Reporter
BI Advanced Expert
Billing Element - ANS-WBS's that may be referenced on a Sales order for a reimbursable
must be marked with the aid of checking the Billing Element Operative Indicator.
Cost Planning (1 of 3) - ANS-Cost Planning is used to plot expenses at the WBS level (even
though the fee may be viewed at an normal venture degree by using the rollup of charges
from bottom-up making plans).
, There are a couple of approaches to behavior fee making plans. This making plans data is
leveraged within GFEBS to help within the finances formula method and to compare cost
estimates to actuals. The making plans capability within Project Systems lets in GFEBS
users to plot overall, present day 12 months, or out to as a few years out as required.
Cost Planning (2 of 3) - ANS-In GFEBS, Cost Planning is commonly performed in one of two
ways:
Structure Planning
Using transaction CJ40 - this allows you to install plan values (usual, annual, or both) in any
WBS which has it Planning Element Operative Indicator set.
The fee version in GFEBS for Structure Planning is precisely bottom-up. All fees entered at a
decrease stage aggregate to the tiers above them. For this cause, an awesome exercise is
to most effective enter plan values at the lowest (execution) degrees. Values entered at
higher tiers can be overwritten by the aggregated values of the tiers under it if they exist.
Easy Cost Planning (ECP)
This lets in you to without problems input values for price at a WBS degree broken out into
Object Class Categories, which includes Labor, Travel, and so forth. ECP additionally allows
multi-12 months making plans. ECP is available from inside the Project Builder.
Cost Planning (3 of 3) - ANS-Structure Planning and ECP aren't mutually different. Both
could be completed on the same mission. You should, as an example, use Structure
planning for a rough estimate early inside the mission lifecycle and use ECP later while more
subtle, labeled fee estimates are to be had.
Both Structure and ECP Planning aid variations, starting with a default model number zero.
Finally, order price planning may be achieved for renovation orders.
It is essential to observe that deliberate expenses do no longer act as constraints or difficult
stops for execution of real costs. Rather they're used for functions of budget components
and forecasting, in addition to to run certain kinds of reviews (Planned vs. Actuals and so
forth)
Date Planning - ANS-The Project Scheduling Tool permits GFEBS to agenda a venture
timeline, both at the Project Definition or WBS Element level, to plan the appropriate project
timeframe.
WBS Element Scheduling traits encompass:
Basic start and end dates can be planned for the
WBS factors.
The dates may be extrapolated from lower to better-degree WBS elements, or handed on
from better to decrease-stage WBS factors.
The consistency of scheduling data may be established from in the WBS shape to avoid
project delays.
