The project type controls how Oracle Projects creates and processes projects, and is a primary classification for the projects your business manages. You must set up at least one project type to create projects in Oracle Projects.

Name: The name of the project type.

Class: The project type class (Indirect, Capital, or Contract) for the project type.
Note: You can define contract projects only if you have installed Oracle Project Billing.

Effective: The date range within which the project is valid