A project manager is responsible for the day to day management of a capital schemes including the management of the budget.
Aa a project manager, you will need to make sure that the resources are used for their intended purposes and accounted for.
You will need to:
- understand how your capital schemes, how the scheme budget is made up, and what you spend money on, such as fees, construction
- set up new projects on My Oracle (Projects)
- make sure there are no commitments that would result in exceeding an approved budget. You must get prior approval to increase the budget either by virement or by a supplementary estimate before making additional commitments
- make sure that orders are receipted
- update the My Oracle Planning and Budgeting Cloud Service (PBCS) system for changes to the capital budget forecasting
- update the capital variance plan on My Oracle (PBCS) system
- track and report your forecast position regularly, and understand whether you expect to under or over spend
- make you understand the financing position of your capital scheme(s)