Create a project cost plan

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

    • Create a cost plan to specify the unit cost of a cost type for a fiscal period. Project cost plans capture the costs of projects.

    Before you begin

    Role required: it_project_manager

    Application required: Project Portfolio Management with Financials

    About this task

    The application automatically creates cost plan breakdown records when you save the cost plan. Cost plans can also have associated expense lines.
    Note:
    Cost plans are automatically created for resource plans that are associated to projects and project tasks.
    To use multiple currencies, create a new cost plan for another currency.

    Procedure

    1. Open the project form.
    2. From the related links, select Cost Plans.
    3. Select New.
      Note:
      To create a cost plan from the Financials tab in Project Workspace, select Manage.
    4. On the form, fill in the fields.

      For field information, see Cost Plan form.

      Note:
      When you change the planned start date of a project, the associated cost plans and resource plan also change. The project property Change Resource Plan and Cost Plan Start Date with Demand or Project Start Date Change controls the behavior for project start date change.
    5. Select Submit.

    What to do next

    To recalculate the values in the Estimate at Completion field, use the Calculate Estimate at Completion related link. To view the cost plan breakdowns, select the Cost Plan Breakdowns related list.