Here, I am going to present a brief overview of Projects Processes with a flow diagram. The chart below depicts a macro overview of Oracle Projects. In brief: A Project would be created in Oracle Projects. Project Manager would be able to request for Resources matching Particular Competencies. The Estimated Costs/ Revenues would be worked out & entered as Budgets in Oracle Projects. The Material & Labour Costs are collected using Oracle Project Manufacturing, Oracle Time & Labour and iExpense. The Actuals vs. Forecast would be done using the Project Status Inquiry (PSI). The Revenue is recognized as per Requirements & the Invoicing will be based on Milestones. The Revenue would be interfaced to General Ledger.