Cost plan form

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

    • Use the cost plan form to capture the costs of demands.

    Table 1. Cost plan form
    Field Description
    Name Descriptive name for the cost plan.
    Project/Demand Demand number to which the cost plan belongs.
    Start fiscal period Starting fiscal period.

    When you change the start fiscal period, the associated cost breakdown values also change.
    End fiscal period Ending fiscal period.

    When you change the end fiscal period, the associated cost breakdown values also change.
    Table 2. Financials section of the Cost plan form
    Field Description
    Entered currency Currency for the cost plan.

    If the selected currency is different from the default currency configured in the Financial Management application, the budget reference rate is used to calculate the cost of the demand.
    Unit cost Cost of single unit of the resource.
    Resource plan Resource plan number associated with the cost plan. The field appears for the cost plans originating from resource plans. The Cost type value is Labor.
    Product model Product for which the cost plan is created. The field appears if you select Hardware or Software as the Cost type.
    Quantity Quantity of resource required.
    Recurring Indicates if the cost is recurring for each fiscal period.

    Quantity x Unit cost value is incurred for every fiscal period.
    Cost type Cost type. See Create a cost type definition.
    Total planned cost Total planned costs of the cost plan. If the cost is recurring, the calculation is Quantity x Unit cost x number of fiscal periods.

    If the cost is non-recurring, the calculation is Quantity x Unit cost.

    This value is rolled up from cost breakdown.
    Functional currency The default currency configured in the Financial Management application and used for managing the demand or project.
    Cost in functional currency The total planned cost for the demand in functional currency. The value in this field changes if the Entered currency is different from the functional currency.
    Total actual cost Total actual costs of the cost plan. This value is rolled up from cost breakdown.
    Forecast

    Sum of all actuals for past periods plus estimated cost for future periods.