Programs › Program Properties › Define Program Budget Properties

Define Program Budget Properties

Though it is not required that you create a budget for a program, you can create a simple one. The budget applies only to the program, not to its subprojects. The financials page is not available for programs. However, you can use the planning page to create a detailed budget or forecast for the program.

You can view program budget data, and budget data generated from its subprojects, on the program Dashboard page.

Follow these steps:

1. Open the program.

   The properties page appears.

2. Open the Properties menu and click Budget.

   The budget page appears.

3. Complete the following fields:

   Currency

   Select the currency to calculate the program budget and forecast values.

   Planned Cost

   Enter a planned cost for the entire program. The value you enter is distributed between the planned cost start and planned cost finish dates.

   Planned Cost Start

   Defines the start date for the budget. You have an option to use the program start date.

   Planned Cost Finish

   Defines the finish date for the budget. You have an option to use the program finish date.

   Planned Benefit

   Enter the anticipated financial benefit for this program. The value is distributed between the planned benefit start and finish dates.

   Planned Benefit Start

   Select the scheduled benefit start date.

   Planned Benefit Finish

   Select the scheduled benefit end date.

   Planned NPV

   The value in the field is calculated based on the following formula:

   Planned NPV = Planned Benefit - Planned Cost
   

   If you clear the Calculate Financial Metrics field, you can make the field available for data entry.

   Planned ROI

   The value in the field is calculated based on the following formula:

   Planned ROI = Planned NPV / Planned Cost
   

   Note: If you clear the Calculate Financial Metrics field, you can make the field available for data entry.

   Planned Breakeven

   The date and amount in this read-only field indicate the period and value at which the program becomes profitable.

   Note: If you clear the Calculate Financial Metrics field, you can make the field available for data entry.

   Calculate Financial Metrics

   Specifies if the Financial metric fields (Planned NPV, Planned ROI, and Planned Breakeven) are loaded automatically using the formulas listed in the field descriptions. Clear this field to make the financial metric fields available for data entry.

   Default: Selected

4. Save the changes.

More information:

Monitor Program Performance