Manage sub-project plans

rleandro
Tera Contributor

Hi,

 

How to manage cost/benefit/resource plans in sub-projects create after a parent project is in progress?

 

If I start with just a main project, which inherited plans from a Demand, and later decide to split work with sub-projects, how should I manage existing cost/benefit/resource plans? 

 

I know that new plans created at sub-project level roll up to the parent project.

But how to manage in the opposite direction? Is there a way to:

1) Make plans visible or transfer them to sub-projects, so that breakdowns (latest estimations) can be managed there, and later also match the expense lines (actuals)?

2) Manage expense lines (actuals) at sub-project level,  against plans that are only visible at the parent project?

 

Thanks in advance,

Rui

1 REPLY 1

Rajesh_Singh
Kilo Sage
Kilo Sage

When splitting work into sub-projects after a parent project is already in progress, you can manage cost/benefit/resource plans in the following ways:

  1. Transfer plans to sub-projects:

To make plans visible or transfer them to sub-projects, you can follow these steps:

a. Navigate to the parent project's cost, benefit, or resource plan. b. Click on the plan you want to transfer to a sub-project. c. Change the "Project" field to the desired sub-project. d. Save the changes.

The plan will now be associated with the sub-project, and you can manage the breakdowns and expense lines (actuals) at the sub-project level. Once you make updates to these plans in the sub-projects, they will roll up to the parent project automatically.

  1. Manage expense lines (actuals) at the sub-project level against plans visible at the parent project:

If you want to keep the plans at the parent project level but manage the actuals at the sub-project level, you can create new cost, benefit, or resource plans at the sub-project level to track the actuals. Once the actuals are recorded in the sub-project plans, you can compare them with the parent project's plans to analyze deviations and assess overall performance.

To manage expense lines (actuals) at the sub-project level:

a. Navigate to the sub-project's cost, benefit, or resource plans. b. Create new plans to track the actuals. c. Record the actuals in the newly created plans at the sub-project level.

By following these steps, you can manage and compare the actuals at the sub-project level against the parent project's plans.

In summary, you can either transfer the existing plans from the parent project to sub-projects and manage the breakdowns and actuals there, or create new plans at the sub-project level to track actuals and compare them with the parent project's plans. The approach you choose will depend on your organization's project management processes and requirements.

If you found my response helpful or applicable, please consider marking it as correct or helpful to assist others who may be seeking the same information.

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Regards,
Rajesh Singh