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:
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.
For more information, see the Studio Developer’s Guide.
Displays the aggregated actual unit for a given fiscal period.
Displays the aggregated actual cost for a given fiscal period calculated as Actual Units * Cost.
Displays the actual billing rate for a given fiscal period calculated as Actual Units * Rate.
Displays the delta between Cost and Actual Cost.
Displays the delta between Revenue and Actual Revenue.
Displays the delta between Units and Actual Units.
The plan of record (POR) is the cost plan that you intend to use as the budget plan for an investment. If there is an existing approved budget plan, you can use the POR to create a new budget plan. The first cost plan you create for an investment becomes the POR by default. You can reassign the POR to any plan and submit it for budget approval. You can keep the remaining cost plans for future use or reference. You cannot delete a POR.
When you add an investment to a portfolio, the cost plan POR is automatically associated with all portfolio scenarios related to that investment. This association with the POR verifies that the investment costs are included in the portfolio scenarios. Later, if you select a different POR for the investment, the new POR is used in the portfolio provided no approved budget exists for the investment. Once a budget is approved, switching the POR has no effect on the value displayed on the financial summary pages of the investment. The financial summary value is the same value that is shown in the portfolio.
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