Financial Planning › Cost Plans › Create Cost Plans

Create Cost Plans

You can create a cost plan from scratch using the following procedure or copy it from a project template.

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

Use this procedure to create a cost plan for an investment or service.

To create a cost plan

  1. On the Financial Plans tab, click the Cost Plans subtab.

    The <Investment> Financial Plans: Cost Plans page appears.

  2. Click New.

    The Create Cost Plan page appears.

  3. Complete the following fields:
    Plan Name

    Defines the name for the cost plan.

    Plan ID

    Defines the unique ID for the cost plan.

    Period Type

    Defines the type of time period by which you want to design the plan. Select: weekly, semi-monthly, monthly, quarterly, annually, and 13 periods per year. Plan data will display by the period type you select.

    Plan Start Period

    Defines the start date of the fiscal time period. Click the Browse icon to select the date.

    Note: See the Administration Guide for more information.

    Plan End Period

    Defines the end date of a fiscal time period. Click the Browse icon to select the date.

    Group By

    Select whether you want to display data by transaction classes, roles, or charge codes. Two user-defined selections also appear in the list. If these have not been defined by the finance manager, they appear as Utility Code 1 and Utility Code 2.

    To group by roles, each staff member must be assigned to a primary or project role. Primary roles are assigned in the resource's profile. Project roles can be assigned on the <Investment> Team: Staff page.

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

    Sub-Group By

    Defines the data you want to appear under the Group By data in the plan. This selection appears as secondary line item information in the plan grid.

  4. Click Submit.

    The <Investment> Financial Plans: Cost Plans page appears with the listing of cost plans.

  5. Add line item details.

More information:

Add Line Item Detail to Cost Plans