You can manage both offset and non-offset related programs in OMX. When setting up your program in OMX, you can adjust the fields that you will see based on whether your program has an offset obligation associated with it.
Read our articles on setting up programs and projects for more detailed instructions on getting started.
From the 'New Program' page, you will notice the options to select "Offset Obligation", "Non-liquidated damages" and "Liquidated Damages" under the financials section. Depending on the options selected, the fields to be filled in on your program and project pages will change.
If "Offset Obligation" is selected, fields specific to managing offset obligations will appear on both the program and its associated projects. For instance, "Obligation Amount" will appear on the program page and "Targeted Spend" will now be referred to as "Contract Amount".
Similarly, at the project level, you can select whether or not the project is associated with an offset obligation from the drop down menu under 'Offset Obligation'. If the project is associated with a non-offset program, then these fields will automatically fill in 'No.'
If you select "No" from the 'Offset Obligation' drop down, you will see that fields associated with offset programs such as, 'Banked', 'Eligible Party', 'Consortium Partner', 'Credit Amount', 'Depreciated' and 'Offset Multiplier' will disappear.
Once you have added a few projects to your program, you will notice tracking differences between offset and non-offset programs.
Offset Programs will dashboard the contract amount, offset obligations, outstanding credits, approved credits, pending credits and forecasted credits for the program:
Non-Offset Programs will dashboard the targeted spend, outstanding, achieved, identified and forecasted spend for the program:
If your organization is tracking both offset and non-offset programs, you will see both types listed from the programs and projects pages on OMX.
