Create a monetary benefit plan for a project
Create a monetary benefit plan to specify the estimated benefit in a category spanning one or more fiscal periods. Project benefit plans capture the potential benefits accrued by the project when the project is executed.
Before you begin
Role required: it_project_manager
About this task
The monetary benefit plan breakdown records are automatically created when you save the benefit plan.
Procedure
Navigate to All > Project > Projects > All.
Open the required project.
In the Monetary Benefit Plans related list, select New.
Note: To create a monetary benefit plan from the Financials tab in Project Workspace, select Manage.
On the form, fill in the fields.
For field information, see Benefit Plan form.
Note: When you move the project or the milestone date, the associated benefit plans also change accordingly based on whether the benefit plan is tied to the project start date, end date, or one of the project milestones. The project property Change Resource Plan, Cost Plan and Benefit Plan Start Date with Demand or Project Start Date Change controls the behavior for project date changes.
Select Submit.
What to do next
On the Benefit Plan form, view the benefit breakdown by fiscal period in the Monetary Benefit Plan Breakdowns related list.
- Update a monetary benefit plan breakdown for a project
Update a monetary benefit plan breakdown record that specifies the estimated and actual benefits, at a granular level, for specific fiscal periods.
Parent Topic:Starting a project
Related topics
Create a project task from a project
Create a parent-child relationship on the Project Task form
Create a non-monetary benefit plan for a project
Associate monetary and non-monetary benefit plans
Recalculating costs of all resource plans in a project
Create and manage waterfall projects
Activate project task email notifications
Change the planned start date of a project
Costing add-on in Project Management
Create a project status report
Migrate budget of active projects to Next Experience