Project Budget - Now Experiance

[SheltonT]

In the new project workspace, is there a way to set budget by cost type? (labor, hardware, software, etc.)

The servicenow documentation still refers to the old project budget allocation instead of going into the project workspace-->Financials-->budget allocation view-->Double clicking on the budget field to enter a value. 

The only level I found you can set budgets for is a top level opex and total capex budget. 

[SheltonT]

Ideally, if possible, would also like to get down to the resource role level in terms of budgets for projects. For example we have contracted X dollars for a BPC and X dollars for a developer, etc. 

[Vinay3 · Accepted solution]

@SheltonT Yes it is possible. You need to change the system property - 'sn_invest_pln.budget_allocation_attribute' to 'cost_type'

Please checkout this article:

• Flexible budget allocation for work items - How-to configure and Use

[SheltonT]

Thank you, I was missing changing the system property "sn_invst_pln.budget_allocation_attribute" to cost_type. 

That gets us most of the way there. Looks like we cant set the budget by individual cost plans/resource roles as that is how we write our SOWs/contracts, but we will see what we can do between setting the budget at the cost type level and setting the resource allocations. 

[Vinay3]

For more granularity, you can also take a financial baseline and name it something like  'approved budget baseline' and use it compare future financials against the approved financial plan.