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To help you manage project costs, Oracle Project Costing provides detailed analysis of how your actual costs compare to your project budget. Compare both actuals and outstanding commitments to your original and current budgets, and drill down from the summary of project costs to see the cost details at the task or transaction level.
Objectives, Costs, and Benefits. In project analysis, the objectives of the analysis provide the standard against which costs and benefits are defined. Simply put, a cost is anything that reduces an objective, and a benefit is anything that contributes to an objective.roject analysis tries to identify and value the costs and benefits that will arise with the proposed project and to compare them with the situation as it would be without the project. The difference is the incremental net benefit arising from the project investment.