Understanding Capital Acquisition Planning

The PeopleSoft Asset Management and Budgeting products provide a straightforward page set for entering a plan, enabling you to link assets to that plan and to update cost and asset summaries so that you have an overview at a glance.

When you establish a new plan, you provide ChartField information to identify the project and you enter a cost estimate and cost limit. Plans consist of a single asset or multiple asset component in a large project. You can provide a text description and justification for the plan, and you can enter multiple authorizations for each asset within a plan.

Once you assign a plan to Open status, you can link assets to the plan as they are acquired. All associated assets appear on one summary page; cost summary information is provided on another. As the status of each asset changes, the summary totals reflect that progress; you can see how much of your acquisition amount is represented by assets in different life phases.