Can cost plans be automatically created for a Demand/Project?

[Aditya24]

I can see a behavior of automatic creation cost plans in Demand/Project. I don't think it is OOTB behavior.

Any idea how and why it is happening. 

As per my understanding the automatic creation of cost plan happens for resource plans but not for demand/project.

Thank you!

[Sulabh Garg]

Hello Aditya,

You are right, Cost plans need to be created manually on demand/Projects as per OOTB functionality, However you can create automatically expense line from cost plans by just right click on cost plans and create 'expense lines'.

For more info see below link

Create an expense line

Please Mark ✅ Correct/helpful, if applicable, Thanks!! 

Regards

Sulabh Garg

[Dhiren Aghera]

Hi Aditya,

Yes creation of cost plans for each resource plans is OOTB behavior to track resources cost. For other cost type you need to create cost plans manually.

The cost plans created in Demand will be moved to Project when a project is created so you don't need to create them again.

Resource plans and cost plans are associated to a Demand/Project record.

Track your actuals through expenses lines or time  cards.

Hope this helps to clarify.

[Namita Mishra · Accepted solution]

Hi @Aditya ,

I think you have seen the system generated cost plans. You are correct because starting San Diego release, system generated cost plans are (automatically) created in following scenarios:

• When an expense line is created without populating the cost plan for that expense line
• When a time card is created and approved.

The reason of introducing the system generated cost plans is to ensure that the project actuals shown on the widgets or the total actuals are the same as the aggregate of the cost plan actuals on the grid shown on the Project Financials page and Investment Portal.

For more details, refer to the doc link.

Please mark this response as correct / helpful if it  was able to resolve your query.

Thanks!

Namita Mishra

[Dhiren Aghera]

You pointed it out right @Namita Mishra . It's something I still need to experience as our instance just got upgraded to San Diego and remembered reading this through.