The Project Financial Planning application unifies the decision making process between corporate financial planning, and project financial planning processes within a single application construct.
In many instances there tends to be a process disconnect between decisions made around projects and decisions made as part of the annual financial planning cycle within an enterprise. Project sponsors and stakeholders may have different goals from the corporate financial targets and long range plans that drive bottom up annual plans and forecasts.
The application construct, and functionality within the Project Financial Planning application ensures that the what-if impact analysis and feedback loop from financial considerations for projects is instantaneous. Since the approval processes for projects are closely tied to the approvals for financial plans and forecasts, the application’s process controls implicitly ensures agreement between project sponsors, key stakeholders and financial decision makers. This helps ensure alignment of project plans and financial plans to financial targets and corporate long range financial plans.