Setting Up Financial Management › Entities › Plan Defaults

Plan Defaults

Use plan defaults to define default settings for all project and investment cost plans. Budget Plans inherit the grouping attributes from cost plans.

With plan defaults, you can do the following:

• Establish grouping attributes for cost plan line item details.
• Set a period type for defining cost plans.
• Establish starting and ending periods for cost plans.
• Lock plans to prevent managers from changing the grouping attributes on their cost plans.
• Add a freeze date to govern the time periods at cost, benefit, and budget planning level.

If you set plan defaults for period type, plan start and end periods, and grouping attributes, these default values are auto-populated when defining cost plans. Project managers can change these values in the cost plans unless the plan structure is locked.

If you do not set any plan defaults, the period type is auto-populated from the entity when defining cost plans. The plan start and end periods are auto-populated from the investment start and end dates.