PFACT is a web-based application that helps universities and such other institutions to financially appraise the projects that they wish to undertake. In such institutions, a Central Authority (typically the Finance Department) will list Funding Sources and Funders and will set up Templates which will basically define the scope of the projects which the university is prepared to undertake. Thereafter, the end-users (who will typically be department staff) will submit a project proposal, based on one of the defined templates. A project proposal has to be made within the scope of a Department, an Activity (e.g., Research) and a Sub-Activity thereof (e.g., Research >> Lab Experiment). These proposals are then reviewed by the Centre and will be accepted or rejected depending on their feasibility. PFACT offers various “views” depending on what type of user has logged on.

There are two types of templates associated with a project proposal: -

Income Template - This will contain a group of Income Types that are associated with the Project.

Expenditure Template - This will list Expenditure types that are applicable to a set of Department, Activity and Sub-Activity combinations.

Depending on the Department, Activity, Sub Activity, Income Types and Expenditure Types that the user enters while adding a Project Proposal, the system will automatically try to find a matching template. If no such template is found then the project proposal is not accepted by the system.

Implementation of import and export of data is underway.