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

Aditya24 · ‎03-28-2022

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!

Namita Mishra · ‎03-28-2022

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

View solution in original post

Namita Mishra · ‎03-28-2022

Hi @Dhiren Aghera ,

Glad to know that you have upgraded to San Diego. Let me know once you try & get any query on this topic.

I will be happy to respond.

Thanks,

Namita Mishra

Aditya24 · ‎03-28-2022

Hi @Namita Mishra

I don't think this is the case for me because:

1. I don't have any time card on the project.

2. There isn't any expense line as well without cost plan. (we are importing expense lines)

I noticed that the automatically created cost plans are having fiscal period as empty and the naming conventions is "Genenrated Capex cost plan" or "Generated Opex cost plan".