Convert an Idea into an Investment

How to Manage Ideas › Convert an Idea into an Investment

Convert an Idea into an Investment

You can convert an approved idea into one or more of the following investment types:

project
application
asset
product
other work
service

Follow these steps:

Open an approved idea.
Click Convert.
The select investment type page appears.

Note: The investment types listed on the page are based on your access rights.
Select an investment type.
Note: When you select Project from Template, project properties, such as budget data, transfer to the idea. The properties transferred from the idea generally supersede the properties from the project template. After you convert the idea into a project, you can modify the project properties.
Select Copy Financial Properties and Financial Plans to include the financial data for the idea in the conversion to an investment.
Click Next.
The create page appears.

For example, for converting your idea into a service, the Create Service page appears. For conversions to a project from a template, select a project template.
Complete the fields on the page, and click Save.

Copying Financial Information

When you convert an idea into an investment, the Copy Financial Properties and Financial Plans option appears on the Select Investment Type page. When you select this option, the product copies the following items to the target investment:

The manually created cost plan (plan of record)
A benefit plan (if you associated one with your cost plan)

Whether you select or clear this option, the following items are never copied:

Cost plans that were created through the object actions
Cost plans that are not designated as the plan of record
Benefit plans that are not associated with the plan of record
Budget plans
Team information

The following examples explain what is copied from the idea to the investment when you select or clear the Copy Financial Properties and Financial Plans option. In the examples, the Department OBS for the original idea is DEPT1 of entity ENTITY1.

Example 1: Associate both the idea and the investment with the same OBS.

Selected: All the financial attributes, Department OBS, and the financial plans are copied from the idea to the target investment. The Simple Budget page on the target investment becomes read-only.
Cleared: The Department OBS attribute on the Idea Properties page and only the Department attribute on the financial subpage are copied to the target investment. However, the financial plans are not copied. The Simple Budget page on the target investment can be edited.

Example 2: Associate both the idea and the investment with the same parent OBS.

In this example, we associate the idea with one unit (DEPT1) of that OBS. We associate the Department OBS field on the target investment create page with another unit (DEPT2) of the same OBS.

Selected: All the attributes on the financial subpage and the financial plans from the idea are copied to the target investment. The Department OBS of the target investment changes to the new value (DEPT2) that you assigned after conversion. The Department field on the Financial Properties subpage displays the new value. The Simple Budget page on the target investment becomes read-only.
Cleared: The financial plans are not copied to the target investment. However, the Department OBS and the Department field on the financial subpage change to the new value (DEPT2). The Simple Budget page on the target investment can be edited.

Example 3: Associate the idea and the investment with more than one OBS of different entities.

Selected: The financial plans from the idea are not copied to the target investment. The Department OBS and the Department field on the financial subpage change to DEPT3. The Location field is blank. All the other attributes of the financial subpage are copied to the target investment as is, except Department. The Simple Budget page on the target investment becomes read-only.
Cleared: The financial plans and the financial subpage attributes are not copied to the target investment. However, the Department OBS and the Department field on the financial subpage change to DEPT3. The Simple Budget page on the target investment can be edited.

Example 4: Associate the idea with an OBS and the investment with another OBS.

Selected: All the financial attributes including the Department OBS and the financial plans (only the cost plan POR and the benefit plan that is linked to it) are copied to the target investment. The Department OBS field on the target investment is blank after saving as the target investment object, is not associated with that OBS. The Simple Budget page on the target investment becomes read-only.
Cleared: The Department OBS attribute on the Idea Properties page and the Department attribute on the financial subpage are copied to the target investment. However, the financial plans are not copied. The Department OBS field on the target investment is blank after saving as the target investment object, is not associated with that OBS. The Simple Budget page on the target investment can be edited.