Create cost plans for a demand

  • Release version: Australia
  • Updated March 12, 2026
  • 1 minute to read

    • Create a cost plan for a specified duration to track planned and actual expenses. Edit cost plans to adjust planned expenses and delete descoped forecasts.

    Before you begin

    Role required: it_demand_manager

    About this task

    To create, edit, or delete cost plan records, you can also use:

    Procedure

    1. Navigate to Workspaces > Strategic Planning Workspace.
    2. Select the Demands icon .
    3. Open a demand from the List page.
    4. Select Financials from the navigation menu.
    5. Create, edit, or delete a cost plan.
      GoalActions
      Create a cost plan
      1. Select the New cost plan button.

        A side panel opens with the cost plan form.

      2. On the New cost plan form, fill the fields.

        For a description of the field values, see Cost plan form.

      3. Select Save to save the cost plan and close the side panel or Save and add new to save the cost plan and create another one.
      Edit a cost plan Edit a cost plan in one of the following ways.
      • Select the name of the cost plan, edit the required details in the cost plan side panel, and select Update.
      • Double-click the cell for a future fiscal period and edit the cost plan value.
      • Select the row context menu and edit the values in the future fiscal periods.
        Note:
        Use the keyboard Tab key to navigate to between the fiscal periods.
      Delete a cost plan
      1. Select the row context menu against the cost plan name.
      2. Select Delete Row.
      3. On the Confirm deletion window, select Delete.
      Note:
      Deleted cost plans can't be recovered.
      Note:
      After capturing the initial planned costs, create a baseline to capture a snapshot of planned costs. Use this baseline to compare it against baselines from later dates as the work progresses, to identify the variance between initial planned costs and actual expenses. This step helps you plan for future expenses and re-forecast planned costs. For more information, see Create financial baselines.