How to Create Detailed Financial Plans › About Cost Plans › Display Capital and Operating Costs › Select the Method for Collecting Cost Information and Create the Plan

Select the Method for Collecting Cost Information and Create the Plan

Create the detailed financial plan to update capital and operating costs automatically from either task assignments or team allocations.

If you plan to populate your financial plan using task assignments, you can override the investment Cost Type setting at the specific task level. Set the investment default for the cost type when you create the financial plan.

For example, consider an investment with 90 tasks that break down into the following cost types: 80 operating cost tasks and ten capital cost tasks. In this case, the financial manager sets the investment Cost Type attribute to Operating. This setting automatically assigns the Operating cost type to all tasks and the 80 operating cost tasks are correctly identified. For the ten tasks that are capital cost, the financial administrator specifies the cost type at the task level to override the default setting.

Follow these steps:

1. Open Home, and from Portfolio Management, click the appropriate investment type.
2. Open the investment and click Financial Plans.
3. Open the Financial Plans menu and click Cost Plans.

   The cost plans list appears.

4. Open the Actions menu, and from General, click one of the following options:
   • New from Investment Team
   • New from Task Assignments

   The properties page appears showing the default values from the associated entity and investment. You can accept these default values, or you can change them.

5. Enter a name, ID, and description for the cost plan.
6. Select Cost Type from the Grouping Attribute drop-down list.
7. Save your changes.

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