---
sourceDocument: Brazil Strategic Portfolio Management
sourceDocumentLink: https://www.servicenow.com/docs/r/it-business-management

 Release :

    - brazil

ft:locale :

    - en-US

ft:publication_title :

    - Brazil Strategic Portfolio Management

ft:clusterId :

    - itbm

bundleId :

    - itbm

workflow :

    - Technology


---

# Upgrade existing projects on activating multicurrency plugin

# Upgrade existing projects on activating multicurrency plugin {#ariaid-title1}

Release version: Brazil  
Updated September 10, 2026  
![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read  
Execute the PM upgrade project currency for active projects and
PM upgrade project currency for inactive projects scheduled jobs to
upgrade your active and inactive projects, respectively, after you activate the
multicurrency plugin. Select the scheduled jobs and run them on demand to upgrade your
projects in project currency only when necessary.

## Before you begin

Role required: admin or it_project_manager

## Procedure

1. Navigate to AllSystem DefinitionScheduled Jobs.
2. Select the PM upgrade project currency for active projects.
3. Select Execute Now to upgrade all your existing active projects to project currency.  
   On execution of the job, all amounts in the cost-related fields of the Project, Project Task,
   Baseline, Cost Plan, Cost Plan Breakdown, Benefit Plan, Benefit Plan Breakdown forms are copied from functional currency to project currency fields. After the values of functional currency fields are copied to the project
   currency fields project currency cannot be edited since the financial costs already exist.
4. To upgrade your inactive projects, select PM upgrade project currency for inactive projects.
5. Select Execute Now.  
   On executing the scheduled job, the project currency value for all existing projects is set to the functional currency. The project currency in the Project Tasks, Baselines, Cost Plans, Cost Plan Breakdowns, Benefit Plans,
   Benefit Plan Breakdowns, Expense Lines forms is set to functional currency.  
   Note:  
   The jobs may have performance impact depending on the number of projects and cost plans, therefore, run the jobs only when necessary.

*[\>]: and then