Detailed Financial Planning › Budget Plans

Budget Plans

When a cost plan is approved, it becomes the budget plan for an investment. You can submit a portion of a cost plan for approval by varying the start and end dates for the submission. Only the portion between the new start and end dates is submitted for approval.

When a cost plan is approved, it becomes a budget plan with a new version number. If there is a previous budget, it is saved separately and can be viewed but not edited.

When submitting a cost plan as a budget plan, the following rules apply:

• The cost plan must include a total cost value greater than zero.
• If a budget plan exists, the submitted cost plan must include the same grouping attributes as the budget plan.
• You can only submit or approve only one budget plan at a time.
• When a submitted budget is approved, the budget plan becomes the POR.
• You can edit a submitted budget but you cannot edit an approved budget.
• If an approved budget exists, the submitted cost plan data is merged with the approved budget.

More information:

By Example: Managing a Cost Plan

Submit Cost Plans as Budget Plans

Approve or Reject Submitted Budget Plans

Cost Plans