---
sourceDocument: Australia Strategic Portfolio Management
sourceDocumentLink: https://servicenow-prod.fluidtopics.net/r/it-business-management

 Release :

    - australia

ft:locale :

    - en-US

ft:publication_title :

    - Australia Strategic Portfolio Management

ft:clusterId :

    - itbm

bundleId :

    - itbm

workflow :

    - Technology


---

# Create and compare financial baselines for a demand

# Create and compare financial baselines for a demand {#ariaid-title1}

Release version: Australia  
Updated March 12, 2026  
![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read  
Create and compare financial baselines to get a snapshot of the demand expenses and compare the planned costs.

## Before you begin

Role required: it_demand_manager

## About this task

Multiple financial baselines help review the financials changes that have been made to the demand at different points. Any financial baseline doesn't capture the actual cost component of the demand.  
To create financial baselines, you can also use:

* The Create Baseline option under More Actions in the Details tab.
* The Demand Baselines tab.
{#create-financial-baselines-ppw__ul_kqq_ww1_1kc}

## Procedure

1. Navigate to WorkspacesPortfolio Planning Workspace.
2. Select the Demands icon ![]().
3. Open a demand from the List page.
4. Select Financials from the navigation menu.
5. Create or compare financial baselines.

   | Option | Steps |
   | Create a baseline | 1. Select the Create baseline button. Create financial baseline window appears with the Name field is auto-populated with current date. You can edit this field to name your baseline. 2. In the Description field, enter a brief description to identify this baseline. 3. Select Save. {#create-financial-baselines-ppw__ol_tgp_v2k_2zb} A baseline is created capturing the planned costs. |
   | Compare baselines | 1. Select the Baselines comparison tab to view the list of baselines. 2. Select any two baselines and select the Compare baselines button. {#create-financial-baselines-ppw__ol_lrh_3gk_2zb} Comparison view of the selected baselines is displayed. For more details, see [Managing financials for demands](https://servicenow-prod.fluidtopics.net/lLJ2ce~twWzGCQ4P4clOxg "Financials in Next Experience for Demand Management covers budget, cost plans, expense lines, labor costs, and financial baselines."). |
   |-|-|

   {#create-financial-baselines-ppw__choicetable_zvg_42n_1cb}  
   Tip:  
   You can migrate existing financials baselines of your demands from Classic UI to Financials in Next Experience. For more information, see [Migrate financial baselines of demands to Next Experience](https://servicenow-prod.fluidtopics.net/8uJuOB7K1C9zzhXqk3TZlg "Migrate the financial baselines of demands to Next Experience to manage the financial using Project Workspace.").
{#create-financial-baselines-ppw__steps_prh_r5z_33c}

*[\>]: and then