How to Create Detailed Financial Plans › Budget Plans › Submit Cost Plans as Budget Plans

Submit Cost Plans as Budget Plans

Submit a cost plan as a budget plan to create a new approved budget, or to update the budget after updating the cost plan.

A cost plan must be designated as the POR before you can submit it for approval.

If an approved budget plan exists, and you create or update a cost plan as the new POR, you can submit the POR to merge with the approved budget plan or to completely replace the budget plan.

Follow these steps:

1. Open the investment.
2. Open the Financial Plans menu and click Cost Plans.

   The cost plans list appears.

3. Copy the value in the ID field. You need this value in one of the following steps.
4. Open the Actions menu, and from General, click Submit Plan of Record for Approval.
5. Complete the requested information.

   The following fields require explanation:

   Plan ID

   Defines unique ID for the budget plan. Paste the ID value in this field.

   Plan Start Period

   Displays the start period of the budget plan. To submit a portion of the cost plan rather than the whole plan for budget, select a different start period.

   Plan End Period

   Displays the end period of the budget plan. To submit a portion of the cost plan rather than the whole plan for budget, select a different end period.

   Grouping Attributes

   Displays the grouping attributes of the cost plan.

   Note: If you want to merge the cost plan with an existing approved budget, the grouping attributes of the cost plan need to match. If they are different, you can either replace the entire budget plan, or cancel the approval request.

   Submit Options

   Specifies whether to merge the cost plan you are submitting with the approved budget, or to completely replace it.

   Note: This option is hidden if you submit the first cost plan for approval. The option is set to Replace and is read-only if the grouping attributes or time periods are different from the attributes in the approved budget.

6. Click Submit for Approval.

   The cost plan designated as the POR is submitted as a budget plan.