Reference: Projects Capabilities

You can view high-level feature descriptions for the capabilities in this product area.

Capital Projects

Provides the ability to collect project costs and convert them into business assets.

Opportunity Projects

Supports the ability to track and manage projects that have not been sold. The functionality provides the ability to:

Convert opportunity projects into solid projects.

Report on opportunity projects.

Plan Work

Provides the ability to organize project work details. The functionality provides the ability to:

Create and maintain project plans.

Report on planned projects and resources.

Allocate workers and worker groups to project plans.

Project Budget

Provides the ability to configure calculations from costs and revenue to create project budgets. The functionality supports the ability to:

Compare baseline budgets with budget forecasts.

Create and maintain project budget templates.

Differentiate and plan for labor and non-labor project costs and revenue.

Keep project budgets up to date with changes to the forecast and new actuals.

Project Financial Reporting

Provides the ability to report on project financial transactions. The functionality supports:

Running the standard project profitability report.

Creating custom reports based on project financial transactions.

Comparing baseline budgets with forecast budgets.

Project Staffing

Provides the ability to maintain and report on project staffing. The functionality provides the ability to:

Report on worker availability and assignments.

Search project workers and projects.

Projects - Core

Supports the ability to configure, manage, and report on projects. This functionality provides the ability to:

Create project hierarchies and optional project hierarchies for grouping and reporting on projects.

Create both internal and capital projects.

Create billable projects to be used in conjunction with Project Billing.

Use the project manager hub to monitor and take action on projects.

Secure the project worktag from visibility in other Workday tasks.

Projects - Transfer Pricing

Provides the ability to:

Document details and pricing of business relationships between the legal entities of global organizations.

Manage intercompany billable transactions.

Create intercompany invoices.

Resource Cost Rate

Supports the configuration of labor cost rate with or without worker-sensitive information. The functionality provides the ability to:

Generate ledger postings for labor cost summaries.

Prorate project labor costs.

Resource Forecast

Supports the ability to define the number of hours required for a project resource for a given day, week, or month. The functionality provides the ability to:

Generate forecasts from task resources and resource plans.

Enable workers to update their resource forecasts.

Create snapshots to compare and report on differences in the forecast.

Resource Management

Supports the ability to manage and staff resources against projects. The functionality provides the ability to:

Define project resource demand.

Staff projects with workers or worker groups.

Identify project resources based on requirements and worker interest.

Templates

Provides the ability to create and maintain project templates. The functionality supports:

Prefilled options when creating projects, project plans, resource plans, and task resources.

The ability to configure project roles and tasks based on project hierarchies.

Worker Utilization

Provides the ability to create and manage target utilization rules and billable project reporting.