Create a demand cost plan

  • Release version: Washingtondc
  • Updated February 1, 2024
  • 1 minute to read

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

    Before you begin

    Role required: it_demand_manager

    About this task

    The application automatically creates cost plan breakdown records when you save the cost plan. The cost plan breakdowns are records that specify the estimated and actual costs and the budget at a granular level for specific fiscal periods, such as FY16: April and FY16: May.

    Note:
    Cost plans are automatically created for resource plans that are associated to demands.

    If you want to use multiple currencies, create a new cost plan for another currency.

    If you are creating benefit plan for a demand with the PPM Standard Multicurrency (com.snc.ppm_multicurrency) plugin activated and Demand Currency view enabled, the fields in the Financials section differ from the Default view. For more information about the fields that are available only in the Demand Currency view, see Multicurrency fields in demand-related forms.

    Procedure

    1. Navigate to All > Demand > Demands > All and open the required demand form.
    2. In the related links, click Cost Plans.
    3. To view the Financials Summary page in a grid, click Manage.
    4. To create a cost plan, click New.
    5. In the cost plan form, fill in the fields.

      For a description of the field names, see Cost plan form.

      Note:
      When you change the planned start date of a demand, 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 demand date change.
    6. Click Submit.

    What to do next

    • On the Demand form, view the breakdowns by fiscal period in the Cost Breakdown related list.
    • To recalculate the value in the Forecast field, use theCalculate Forecast Amount related link.