--- sourceDocument: Australia Strategic Portfolio Management sourceDocumentLink: https://servicenow-prod.fluidtopics.net/r/pt-BR/it-business-management Release : - australia ft:locale : - pt-BR ft:publication_title : - Australia Strategic Portfolio Management ft:clusterId : - itbm bundleId : - itbm workflow : - Technology --- # Legacy- Forecast the budget for portfolio # Legacy- Forecast the budget for portfolio {#ariaid-title1} * Versão de lançamento: Australia * * Atualizado 12 de mar. de 2026 * * ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 2 min. de leitura As a project or portfolio manager, you can forecast the future costs of projects and portfolios based on the actual cost and changed project requirements. Budget forecast is deprecated in the Paris release. Budget forecast is still available on instances upgraded from a previous release but is not available for new instances. Nota: The content in this topic is applicable for customers upgrading from a previous release to Australia. If you are a new customer, see [Scenario Planning for PPM](https://servicenow-prod.fluidtopics.net/4B3tlOLUS2ZxYgtvv1chtA "The Scenario Planning for PPM application provides a central location for portfolio managers to create and track the roadmap for project execution for a given fiscal year. Optimize your budget and resource usage by creating and comparing different scenarios for your project and demand roadmap or resources."). After budget planning and approval, during the project execution, as the project manager, you can re-estimate (forecast) the planned costs for future periods. This forecast is based on the actual cost incurred and other changes in projects. The forecasted project costs get rolled-up to the portfolio and, as the portfolio manager, you can [create the forecast plan](https://servicenow-prod.fluidtopics.net/6RO_e5MXjAkLgGoETFJ3Bg "As a portfolio manager, you can re-estimate (forecast) the portfolio budget for future periods based on the actual cost and changed project requirements.") for the portfolio. An example of the quarterly forecasting process for the April quarter is shown:Figura 1. Budget forecasting When the forecast period is open for a given period: * As the project manager: * review actual cost for current and past periods and edit the estimated cost for the forecast period and all future periods. For example, if the forecast period is open for April 2016, the estimated cost for April and future months can be edited. Nota: As the project manager, you cannot edit the costs for past periods. For example, in this case, the cost for months prior to April cannot be edited. * forecast (re-estimate) the cost plans for the projects, when required. The forecasted project costs are rolled-up to the portfolio. {#forecast-plan-for-portfolio__ul_w11_qqx_nx} * As the portfolio manager: * review the re-estimated costs for all the projects in a portfolio in [the portfolio workbench](https://servicenow-prod.fluidtopics.net/y_FQha09z8mXRPmOAxCtOQ "The portfolio workbench provides a central location for viewing a list of associated demands and projects, planning a portfolio, and tracking its progress. Portfolio workbench is deprecated in the Paris release. Portfolio workbench is still available on instances upgraded from a previous release but is not available for new instances."). * decide to include new projects or exclude a few projects using portfolio [planning view](https://servicenow-prod.fluidtopics.net/E5AYkaey_sHFp0h~qQYxjQ "View all the demands and projects scheduled for the selected fiscal year with their planned cost, resource requirements, and priorities to finalize them for execution.") when the budget target changes during the fiscal year. * [create the forecast plan](https://servicenow-prod.fluidtopics.net/6RO_e5MXjAkLgGoETFJ3Bg "As a portfolio manager, you can re-estimate (forecast) the portfolio budget for future periods based on the actual cost and changed project requirements.") for the portfolio with changed project estimates, and submits the plan to the investment committee for review. * update the forecast plan for the portfolio based on feedback from the investment committee and repromotes it. {#forecast-plan-for-portfolio__ul_lbn_tqx_nx} As the portfolio manager, you can also view budgeted, actual, and forecasted cost for the projects in the ITFM Planning Workbench. {#forecast-plan-for-portfolio__ul_dnr_nqx_nx} Nota: * The [forecast period](https://servicenow-prod.fluidtopics.net/tot~aP27Y7zNhZHPd18OUw "Forecast periods are similar to budget periods that aim to control the promotion of forecast plans.") for the fiscal period must be open to create the forecast plan for a portfolio. For example, open the forecast period for FY17: Apr to create a forecast plan in April. The PPS admin can open the forecast period for a fiscal period by navigating to Project AdministrationOpen/Close Forecast Periods. * The [budget period](https://servicenow-prod.fluidtopics.net/_aF_VC~47iFtO6iNIaOt3Q "The budget period controls the promotion of the budget plans. Budget plans created for a fiscal year can be promoted only if the budget period is open.") for a fiscal period must be closed to open a forecast period for the corresponding fiscal period. The PPS admin can close the budget period for a fiscal period by navigating to Project AdministrationOpen/Close Budget Periods. * Only one forecast period can be open at a time. {#forecast-plan-for-portfolio__ul_nwr_yjr_nx} * **[Legacy- Create and promote a forecast plan](https://servicenow-prod.fluidtopics.net/6RO_e5MXjAkLgGoETFJ3Bg)** As a portfolio manager, you can re-estimate (forecast) the portfolio budget for future periods based on the actual cost and changed project requirements. * **[Legacy- Repromote a forecast plan](https://servicenow-prod.fluidtopics.net/~H2cqOOaQStdmuBjnjROMA)** If the portfolio forecasted cost has been modified, as the portfolio manager, you can repromote the forecast plan to reflect the changes reflected in the forecast plan. **Conceitos relacionados** * [Legacy- Plan the portfolio](https://servicenow-prod.fluidtopics.net/cbhWEqfWy_HwNWp2oQ_XFg "As a portfolio manager, you can perform financial planning for a portfolio for a fiscal year using the portfolio workbench. Portfolio planning can be completed using either simple or advanced mode.") * [Actual project costs](https://servicenow-prod.fluidtopics.net/e0vjFVEDuecVhNNa28bHkw "Actual project costs come after you create expense lines for cost plans or after human resources use time cards to create expense lines.") **Tarefas relacionadas** * [Access the legacy Portfolio workbench](https://servicenow-prod.fluidtopics.net/cS6QOCTWV2rDGjhS71if1Q "When you access the portfolio workbench, the dashboard displays a list of all the portfolios.") * [Legacy- Track the portfolio](https://servicenow-prod.fluidtopics.net/3pKwWcBWydQTrgtI~zZdwA "After you complete financial planning, you can start tracking the progress of the portfolio. The portfolio tracking view displays only the selected demands and projects in the portfolio.")