Migrate financial baselines of projects to Next Experience

  • Release version: Xanadu
  • Updated August 1, 2024
  • 1 minute to read

    • Migrate the financial baselines of your project to Next Experience to manage the financial using Project Workspace.

    About this task

    Next Experience uses new data model which has two new tables Investment Baselines (sn_invst_pln_invst_investment_baseline) and Investment Baseline Header (sn_invst_pln_invst_investment_baseline_header) which are used to capture financial baselines. The financial baselines created for demands in classic experience are not visible in Next Experience. You can migrate the existing baselines from classic to Next Experience as an on-demand activity for the required projects, or as bulk by activating and running a scheduled job.

    Baselines view in the Next Experience provides better insights to view and analyze the financial performance of your projects.

    Unlike the financial baselines created using Next Experience, the financial baselines created in the Classic UI do not capture the actual expenses along with planned costs as a default behavior. To have relevant information for baselines comparison, the actual costs will be captured as part of the baseline migration using the processed expense lines as of the baseline creation date of the financial baseline.

    For detailed information and use cases on using financials in Next Experience, see Managing financials for planning items in Portfolio Planning.
    Note:
    Migration of financial baselines is not applicable for demands or projects with multi-currency.
    Flow chart explaining the logical flow of migrating a financial baseline from classic to Next Experience.

    Before you begin

    Role required: it_project_manager

    Procedure

    1. Navigate to All > Project > Projects > All.
    2. Migrate baselines using one of the following options.
      ChoiceDescription
      Using list actions
      1. Select the required projects from the projects list.
      2. Select the Actions on selected rows... list and select Migrate Financial Baselines.
      3. Select OK on the Migrate Financial Baselines confirmation window.
      Using related links
      1. Open the required project.
      2. Select the Migrate Financial Baselines related link.
      Activate a scheduled job
      1. Navigate to All > System Definition > Scheduled Jobs.
      2. Filter the Name field to locate the Migrate financial baselines to Next Experience scheduled job and open it.
      3. Select Active and on the Scheduled Script Execution form, fill the fields.

        For a description of the field names, see Scheduled Script Execution Form.

      4. Select Update.
      Tip:
      After migration, you're encouraged to create financial baselines using the Financials in Next Experience.

    Result

    Financial baselines for the selected projects will be migrated to Next Experience and you can view them in the Baseline view.

    What to do next

    View and compare the migrated baselines with any existing baselines or current baseline (Flag icon to indicate current baseline.).