You can define your project's budget properties using the Project: Properties: Main - Budget page. Budget data is essential in managing and analyzing portfolios. Correctly defining and recording planned cost and benefit information is key to accurately assessing and analyzing projects.
Note: In order for planned cost data to displays for a portfolio, the Update Hierarchy Data job must be run. This job is required even if the included projects are not included and being managed in the hierarchy.
With a simple budget, you can define metrics such as the project’s planned cost, Net Present Value (NPV), Return on Investment (ROI), and breakeven information.
You can also use this page to define the project’s simple forecasted costs and benefits. You can set the start and end date over which the budget is experienced. Money flows constantly and evenly over this period. The values you enter are applied over only one time period—from the investment’s start date to the finish date—and are applied only to your investment not to any of its child or parent investments.
Alternatively, a detailed financial plan lets you budget costs over multiple periods. If you choose to create a financial plan, data from the plan is automatically populated in the budget properties page.
Note: See the Financial Management User Guide for more information.
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