Budget Types

Budget types define the different types of budgets and forecasts that you plan for when you want to create budgets and forecasts that use Oracle Projects budgetary controls and budget integration features.

You designate each budget type as either a cost budget type or a revenue budget type. For a cost budget type, you can enter quantities, raw cost amounts, and burdened cost amounts. For a revenue budget type, you can enter quantities and revenue amounts.

You can use any budget type for project status tracking.

Oracle Projects predefines four budget types:

• Approved Cost Budget
• Approved Revenue Budget
• Forecast Cost Budget
• Forecast Revenue Budget

You can define additional budget types during implementation. For example, your company may want to create a separate budget type from the Approved Cost Budget to track what if scenarios for future project alternatives.