Budget Plan Approval Process Overview

After one or more portfolio budget plan scenarios have been created by the budget planner, the planner typically sends one or more unapproved plan scenarios out for review to stakeholders, sends proposed project allocations to project managers for budget negotiations, and then sends the final plan scenario out for approval. There are default workflows built into the application to accommodate these processes. If your organization created custom workflows to follow your required business practices, then the process described here might be different for you.

Before the process begins, you should set the workflows for each stage of the process and assign users to the various approval process roles.

Scenarios can be sent for review and approval by the budget planner from either the Budget Planning page or from the Published Views page. There are four options for reviewing or approving a scenario. Send for Review, Propose, and Send for Approval are optional steps.

When a budget plan scenario is approved, the proposed budgets become the approved budget values for each project, and the approved scenario becomes the budget plan for the planning period.