Detailed Financial Planning › Cost Plans

Cost Plans

Cost plans are an alternative to financial summaries if you want to create a detailed plan that spans more than one fiscal time period. You can track planned costs, actual costs, and variances over the lifetime of an investment. In addition, you can break down data by different grouping attributes or criteria. You can define a cost plan from scratch or populate it automatically and submit it as an investment budget for approval.

Use CA Clarity PPM cost planning to facilitate your organizational financial planning process and to enforce standards.

A cost plan consists of the following:

• Plan of record
• Grouping attributes
• Line item details

You can configure a cost plan to display the following revenue fields. These fields are not available by default. Posted transactions must exist for these fields to display values.

See the Studio Developer’s Guide for more information.

Actual Unit

Displays the aggregated actual unit for a given fiscal period.

Actual Cost

Displays the aggregated actual cost for a given fiscal period calculated as Actual Units * Cost.

Actual Revenue

Displays the actual billing rate for a given fiscal period calculated as Actual Units * Rate.

Cost Variance

Displays the delta between Cost and Actual Cost.

Revenue Variance

Displays the delta between Revenue and Actual Revenue.

Units Variance

Displays the delta between Units and Actual Units.

More information:

By Example: Managing a Cost Plan

Summary Financial Planning

Plan of Record

Grouping of Cost Planning Data