How to Use Monetary and Non-Monetary Benefit Plans for a Project and Calculate Actual Benefit in SN

Marium_07
Tera Contributor

‎05-21-2024 05:22 AM

 

Hello ServiceNow Community,

I am working on a project where I need to utilize both monetary and non-monetary benefit plans within ServiceNow. I would like to understand the following:

1. How do I set up and manage monetary and non-monetary benefit plans for a project in ServiceNow?
2. What is the process for tracking and updating these benefit plans throughout the project lifecycle?
3. How is the actual benefit  in Monetary Benefit plan calculated in ServiceNow, and what metrics or data points are used in this calculation?
4. Are there any best practices or common pitfalls to be aware of when managing benefit plans in ServiceNow?

Any guidance, documentation references, or examples would be greatly appreciated.

Thank you!

 

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shiwan_agrawal
ServiceNow Employee
ServiceNow Employee

‎08-21-2024 02:17 AM

@Marium_07 I am not sure if you have already reviewed the ServiceNow Documents, however, if not, request you to check them @https://docs.servicenow.com/bundle/xanadu-it-business-management/page/product/project-portfolio-suite-with-financials/concept/monetary-non-monetary-benefit-plans.html

 

In this answers your question, please mark this as "Accepted Solution".

 

-Shiwan Agrawal

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