Configure financials for planning items in Portfolio Planning

  • Release version: Xanadu
  • Updated August 1, 2024
  • 1 minute to read

    • Configure the ServiceNow Internal integrations to view the financials for planning items in Portfolio Planning.

    Before you begin

    Role required: admin

    Procedure

    1. Configure the attributes to generate labor costs in financials based on the resource assignments on the work items.
      For more information, see Planning attributes and Create or edit planning attributes.
    2. Generate default mapping configurations to create table maps.
      For more information, see Generate default mapping configurations.
    3. Create new widgets to view the rolled up financial data at planning item level.
      For more information, see Configure a widget and associate it with project.
    4. Optional: Customize the left pane in the financials screen to match the requirements of your organization.
      For more information, see Customize the left pane view for financials.
    5. Enable budgeting option to allocate and manage budget of your planning items.
      For more information, see Enable financial budget allocation for planning items in Portfolio Planning.
    6. Configure the budget attribute to expense type or cost type to manage the budget of your planning items.
      For more information, see Configure budget attribute at instance-level to allocate budget.
    7. Optional: Customize the Create cost plan form fields to match the requirements of your organization.
      For more information, see Customise cost plan form.
    8. Customize the default expense types to manage cost plans for your planning items.
      For more information, see Change the default expense type in Portfolio Planning.
    9. Define a custom prefix for your baseline name.
      For more information, see Create a custom prefix for baseline.
    10. Activate and define a scheduled job to migrate budget for your planning items.
      For more information, see Activate a scheduled job to migrate budget of your planning items
    11. Activate and define scheduled job to automatically create financial baselines for your planning items at a defined cadence.
      For more information, see Activate a scheduled job to create financial baselines for your projects and demands.
    12. Activate and define a scheduled job to generate labor costs for your projects and demands based on the attribute-based resource assignments.
      For more information, see Activate a scheduled job to generate labor costs for your projects and demands.