Add, edit, or delete cost plans

Create a cost plan for a required duration to track your planned and actual expenses. Edit cost plans to adjust your planned expenses and delete any de-scoped forecasts.

Before you begin

Role required: sn_align_ws.spw_financial_user

Procedure

1. Navigate to Workspaces > Strategic Planning Workspace and select portfolio plan.
2. Select a planning item from the Planning module.
3. Select the Financials tab.

   Choice	Description
   To create a cost plan	Select New cost plan (). A side panel opens to create a cost plan. On the Cost plan form, fill the fields. For a description of the field names, see Create cost plan form. Select Save to save the cost plan and close the side panel or Save and add new to save the cost plan and create a new cost plan. The cost plans created for sub projects can be viewed in the Cost screen of the parent project.
   To edit a cost plan	You can edit a cost plan by one of the following ways. Select the name of the cost plan, in the cost plan side panel, edit the required details and select Update. Double-click the cell for a future fiscal period and edit the cost plan value. Tip: Use Tab key to navigate to next fiscal period and continue editing.
   To delete a cost plan	Select the Row context menu () against the cost plan name. Select Delete Row. On the Delete selected cost plans window, select Delete (). Note: Deleted cost plans and the associated expense lines cannot be recovered.

   Tip:

   Create a financial baseline immediately after capturing the initial planned costs to have a snapshot of your planned costs. Use this baseline to compare it against the baselines from later dates, as the work progresses, to identify the variance between initial planned costs and actual expenses.

   This helps you to plan for the future expenses and re-forecast the planned costs.