---
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


---

# Project currency in cost and benefit plans

# Project currency in cost and benefit plans {#ariaid-title1}

Release version: Australia  
Updated March 12, 2026  
![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read  
The currency fields in cost and benefit plans defaults to the project currency of the
project.

## Entered currency field in cost and benefit plans {#project-currency-cost-benefit-plans__section_bpp_1cs_wjb}

The Entered Currency field of the cost plan defaults to the project
currency of the project if multicurrency plugin is installed, irrespective of the views --
default or functional currency. However, if multicurrency plugin is not installed, the
Entered currency field of the cost plan defaults to the functional
currency of the project.

Similarly, the Entered Currency field of the benefit plan defaults
to the project currency of the project if multicurrency plugin is installed, irrespective of
the views -- default or functional currency. However, if multicurrency plugin is not
installed, the Entered Currency field of the benefit plan defaults to
the functional currency of the project.
**Related concepts**   

* [Updates in cost plan and recalculation of cost in project currency](https://servicenow-prod.fluidtopics.net/C6f_aB1Kkw5Pkg62Z17WHA "If the unit cost, quantity, or fiscal period of a cost plan are updated, then all the related amount fields in the cost plan, its breakdowns, and the project to which it is rolling up are recalculated in project currency.")
* [Multicurrency in Project Management](https://servicenow-prod.fluidtopics.net/llEx2Jdn__s68Hv5NeK3Kg "Use the multicurrency feature to execute a project or part of a project in a different geographic location that has a different local currency.")  
**Related tasks**   

* [Enable project currency view in project-related forms](https://servicenow-prod.fluidtopics.net/w5VMVLAieNkijiqJ7B_Ydg "Switch over to the project currency view to track the planned costs of a project in the selected project currency.")