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Nuances between Budgeting in PPM and Budgeting in EPBCS

Last Updated: June 12, 2023 3:49:17 PM PDT
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Nuances between Budgeting in PPM and Budgeting in EPBCS

PPM functionality allows a budget (financial plan) to be entered at the project and task level in order to monitor variances between expected expenses and actuals. The PPM budget is a distinct concept from the Campus Operating Plan that is developed in the Oracle Enterprise Planning and Budgeting Cloud Service (EPBCS). EPBCS has a separate budget planning and review process that occurs on an annual basis with approval from multiple layers of university management culminating with the Chancellor’s approval.

The approved campus budget results in allocations being distributed to financial units.  The PPM budget is a tool that can be used to implement the approved campus budget spending plan and enable reporting at a more granular level than is possible in the GL.  There can be instances where the EPBCS budget will not exactly match the financial plan in PPM for valid reasons. The EPBCS budgeting tool was designed to accommodate yearly baselined budget imports into PPM for General projects in FY22. EPBCS Operating Plan budget allocations are posted to the GL using the “chart string” including the project segment as the basis to post in the GL.