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Update an Approved Portfolio Budget Plan

Plan > Build a Portfolio Budget Plan > Budget Plan Approval Process Overview

When it is determined that an approved portfolio budget plan must be revised, a new scenario can be created by duplicating the approved plan. The new scenario can then be sent through the same review, propose, and approval processes as needed. The approved plan will remain in the Approved state until the new scenario has been approved.

To update an approved budget plan:

1. In the object selector, select a portfolio.
2. In the sidebar, hover over  Cost and Funds, select Budget Planning or Published Views, and then select an analysis view.
3. If you selected Budget Planning:
   • From Scenario, select the approved scenario.
   • From the Actions  menu, go to Scenario Options and select Duplicate.

   If you selected Published Views:

   • Select the approved scenario menu, and select Duplicate.
4. In the Duplicate Scenario dialog box, select the Scenario Type, enter a name for the updated plan, and select the Planning Period.

   Note: When duplicating across types, resource to budget or conversely, the default displayed planning year is the current planning year.

5. Select Duplicate.
6. Update the scenario.
7. Send the scenario through the Review, Propose, or Approval processes, if required.

Tips

• When the status of the new scenario is set to Approved, the original approved budget plan is set to Retired.
• An approved budget plan can also be updated by selecting Revise Budget Plan from the Scorecard or Spending pages.

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Last Published Monday, June 24, 2024