Financial Planning › Financial Plans › Financial Plan Types

Financial Plan Types

The following plans available for financial planning:

• Cost Plans are cost scenarios used to estimate funding for an investment. When planning is complete, you can designate a cost plan as the plan of record (POR) and submit it for approval as the budget plan.
• Benefit Plans estimate the financial benefit gained by funding an investment. Benefit plans can be associated with cost plans to calculate financial metrics.
• Budget Plan is the approved funding for an investment.

As an alternative to creating a cost plan for approval as a budget, you can define a simple budge using an investment's Properties: Main - Budget page. A simple budget can be used to compute ROI and NPV.

If you create a cost or benefit plans after a simple budget is defined, the financial plan data will override the simple budget data and the simple budget fields become display-only.

You can define simple budgets for the following investment types:

• Projects.
• Note: See the Project Management User Guide for more information.
• Services.

  Note: See the IT Service Management User Guide for more information.

• All other Investments types.

  Note: See the Portfolio Management User Guide for more information.