Reasons to Use PPM

Last Updated: June 12, 2023 3:47:48 PM PDT

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Reasons to Use PPM

• To track:
  • Contracts and Grants Award information, including: funding amount, budget, expenses and revenue.
  • Traditional projects that have a start and an end date (e.g. Sponsored research, construction, conferences).
  • Fabrications.
  • Long-term efforts that cannot be captured by another segment in the chart of accounts (e.g. Recharge operations, academic courses, groups in the same financial unit).
  • Expenditures by task more granularly than required by campus leadership when needed for local level leadership.
• To record short-term and one-time costs (e.g. Faculty startup dispensations, service agreements).
• To view expenses in PPM and support performance monitoring with Budget vs. Actuals and facilitate reporting.
• To further track expenditures at a task level.