A project has been mistakenly set up as a capital project, instead of a contract project. The project has already incurred expenditure. How can this…

Note:

* Project Type

The project type determines how Oracle Projects processes costs (expenditure items) for a project.

The type you choose provides many defaults and controls for project entry and processing. You must

choose a type from one of the following project type classes:

/ Use an Indirect project type to collect and track expenditure item costs and labor hours for

overhead activities, such as administrative and overhead work, marketing, and bid & proposal

preparation. You can also define indirect projects to track time off including sick leave, vacation, and

holidays

/ Use a Capital project type to collect and track costs and labor hours for asset development activities

which you plan to capitalize as one or more assets.

/ Use a Contract project type to collect and track costs, labor hours, revenue, and billing for services

performed for and reimbursed by a client