Use the multicurrency feature to execute a project or part of a project in a different
geographic location that has a different local currency.
The feature helps you to view the cost details of the project in a currency that is different
from your functional currency. The values in the project's cost plans, benefit plans, and
corresponding cost fields of the project form are also converted to a currency that you specify
as project currency. Therefore, you don't need to convert the project currency to the functional
currency of the project when the project is executed at a location that uses a currency different
than your functional currency.
Activation information
Activate the PPM Standard Multicurrency (com.snc.ppm_multicurrency) plugin to enable the
multicurrency features in Project Management. Activating the plugin enables the project
currency view in project, cost plans, and benefit plans forms. With the project currency view,
you can manage your project financials and cost plans in multiple project currencies.
Note: Activating this plugin automatically activates PPM Standard
(com.snc.financial_planning_pmo) plugin and therefore you get the option to switch between the
default view and the project currency view.
Project currency view
In addition to the default view in the Project form, there is Project Currency view, which you
can optionally enable to view the multicurrency fields. You can enable this view from the form
context menu. The view appears only when you activate the PPM Standard Multicurrency
(com.snc.ppm_multicurrency) plugin.
Unlike the Default view, the Project Currency view contains multicurrency-related fields.
You can designate a currency other than the functional currency as the processing Project
Currency for a project. The Financials tab of the Project form has the
Project currency field. You can select an active currency from the
Currencies [fx_currency] table.
Note:
The Project currency field of a project becomes read-only field and
locked down for updating the currency once you create a cost plan, cost plan breakdown, benefit
plan, benefit plan breakdown, or an expense line for the project.
Specify project currency in Demand
In the Demand form, you can specify the project currency that you want to use for managing a
project when you convert a demand to a project. The multicurrency feature is not available in
Demand Management, therefore you can manage the demand only using your functional currency. For
more information, see Create
a demand.
Projects in Project Workspace
Track your projects in project currency in the Project Workspace. Create and monitor the cost
plans and benefit plans for a project in project currency. For more information on project
workspace, see Project
workspace.
To view the cost component in project currency at the grid level and at the breakdown level,
see Create and manage cost plans and benefit plans for a project.
Project status reports
To view the planned and actual cost status of your projects in project currency, open the
overview and cost sections of project status
reports.
