PPM Budget Plan

Budget items capture anticipated costs for this Demand.

If a Demand is accepted into a Portfolio, the budget items transfer to that Project. Project costs can be tracked to these budget items based on the Type and Expense categories. The budget numbers you enter also display in the Capital Expenses, Operating Expenses, and Total Cost fields in the Financial Assessment tab of the form arrangement.

To create a new budget item:

1. In the Budget Plan tab, select New Budget Item.
2. Enter the budget item name in the Details field.
3. Choose a cost type.
4. Complete the Estimated Total Cost field.
5. Select the Capital Expense or Operational Expense option.

If you exceed the Demand's estimated total cost when you add budget items, the estimated total cost will not increase. This allows you to compare the estimated cost and the Demand cost after it has been evaluated.