Cost plan, Cost breakdown, Expense line, Resource plan, Time card

[sreedharkaliset]

Hi,

Can anyone tell me the relation between the Cost plan, Cost breakdown, Expense line, Resource plan and Time card.

I could see that when I create a project/demand and associate a resource plan, cost plan got auto created with cost breakdowns. Once the resource plan is approved, I could see the expense line created and when the expense line is processed, actual cost on project/demand got populated based on the expense line.

Wanted to know the relation between the above mentioned entities with a project/demand/resource.

Thanks

[sreedharkaliset]

Hi,

Thanks for your detailed reply.

According to the below screenshot, it says budget plan has to be approved so that it can be selected for allocations. Please let me where and how a budget plan can be approved.

[arun_vydianatha]

There is no approval per se for budget plan

Approval means you have to promote the budget plan.

After promotion you can select the budget plan in Allocate budget page shown above.

[sreedharkaliset]

Thank you Arun. This helped a lot.

[ITSMgal]

The one slide you might be missing in the explanation shows how cost plan breakdown fields are differentiated. There are many rows in the table with different functions. @

Look at the Breakdown Type in your screen shot above: It says "requirement"

If you want individual demand and project costs, only look at records for the breakdown type of "requirement".

If you want aggregated records, you look at the program or portfolio.

Maybe Arun can clarify what a breakdown type of "requirement" means more specificallly.

arun.vydianathan

[sreedharkaliset]

Hi Emily,

From the above table, please explain the significance of cost plan breakdown type "Requirement".