How to Create Detailed Financial Plans › Budget Plans › Create a Budget Revision › Verify the Revised Budget Plan

Verify the Revised Budget Plan

After you submit the cost plan for approval, it becomes available as the submitted budget plan. You can view the status of the budget plan, as well as edit the plan if you have access rights.

Example: Edit and Verify the Submitted Budget Plan

Alice has submitted the revised cost plan for approval. The plan remains in the submitted budget plan state until her manager approves it. She verifies that her revisions have been merged into or have replaced the budget correctly. While Alice reviews the plan, she sees that the cost value for October is incorrect for one of the resources. She manually changes the value and saves her changes. Her manager approves the budget; and Alice has successfully revised the approved budget plan with her changes.

Follow these steps:

1. Open Home, and from Portfolio Management, click the appropriate investment type; for example, Projects.
2. Open the investment and click Financial Plans.
3. Open the Financial Plans menu and click Budget Plans.
4. Open the submitted budget plan to view the revisions and verify that the revisions are correct.
5. Edit values in the budget plan with any necessary revisions.
6. Save your changes and click Return.

   After you have verified that the submitted budget is correct and it has been approved, you have successfully revised the approved budget plan.