Create a non-monetary benefit plan for a demand

Create a non-monetary benefit plan to specify the estimated benefit in a category for a fiscal period. Demand benefit plans capture the potential non-financial benefits accrued by the demand when the demand is executed.

Before you begin

Role required: it_demand_manager

About this task

The non-monetary benefit plan breakdown records are automatically created when you save the benefit plan by selecting Automatic or Manual in the Breakdown Type field. The non-monetary benefit plan breakdown records specify the estimated and actual non-financial benefits at a granular level for specific fiscal periods, such as FY16: April and FY16: May. The Non-monetary Benefit Plan Breakdowns related list shows the aggregated benefits for estimated and actual non-financial benefits for each fiscal period for the demand.

Note:

Converting a demand to a project transfers the benefit plans from the demand to the target project.

Procedure

1. Navigate to All > Demand > Demands > All.
2. Open the required demand form.
3. Click the Non-Monetary Benefit Plans related list.
4. To create a non-monetary benefit plan, click New.
5. On the form, fill in the fields.

   For a description of the field names, see Non-monetary Benefit Plan form.

   Note:

   When you move the demand dates, the associated benefit plans also change accordingly based on whether the benefit plan is tied to the demand start date, or end date. The project property Change Resource Plan, Cost Plan and Benefit Plan Start Date with Demand or Project Start Date Change controls the behavior for demand date changes.
6. Click Submit.

What to do next

• On the Benefit Plan form, view the benefit breakdown by fiscal period in the Non-monetary Benefit Plan Breakdowns related list.
• Associate monetary and non-monetary benefit plans, so that you can capture the potential benefits (financial and non-financial) accrued by the demand for the hybrid benefit plans.

• Update a non-monetary benefit plan breakdown for a demand
  Update a non-monetary benefit plan breakdown record that specifies the estimated and actual benefits, at a granular level, for specific fiscal periods.