Cost Plan vs Project Budget

[Mathias1]

Hi, 

What is the exact difference between a cost plan and a project budget? 

Can a cost plan be converted into a project budget? 

Kind regards,

Mathias

[Mathias1]

Dear Dhiren Aghera, 

Where can I see that costs plans get rolled up to give you the total project budget? If a make 3 cost plans for a total sum of 1000.000, I still need to adjust my project budget manually. As a result, the project budget is not automatically set to 1000.000

Kind regards, 

Mathias

[Dhiren Aghera]

Hi Mathias,

Can you share a screenshot of the field you are referring too so that it will help to better understand your query as well as to answer in the right direction?

[Mathias1]

Hi Dhiren Aghera, 

What I did: creating 2 cost plans. (  CP1= 1000 USD, CP2=2000 USD) 
Right now: I want to have the option to Ask approval for the cost plans. (This should be possible with the flow designer). When both costs plan are approved, I would like to see an automatically created project budget that sums up both cost plans (3000USD and not from scratch where I need to populate 3000USD manually)

Is this feasible? 

Kind regards, 

Mathias

[Dhiren Aghera]

Hi Mathias,

OOTB there are two fields that get rolled up from two different related lists.

1. Total planned cost - Is the sum of total Capital & Operating expenses that comes from cost plans related list.

2. Total budget - Is the sum of total Capex & Opex budget which is divided by FY and comes from Project budget-related list

Based on your use case, you can use the Total planned cost field which is the sum of cost plans and you don't need any customization.

Not sure why you want to use the Total Budget which is meant for completely different use as per my understanding.