Monthly and yearly checklists for administering Planning

Monthly checklist

• Import and publish actuals
• Create a plan or forecast and notify Department Owners of entry period
• Integrate with Cost Transparency

Yearly checklist

• Configure project time settings in Costing Standard.
• Update reference data with the new organization information. Built-in dimensions are managed by Admins or Budget Process Owners. Many built-in dimensions have dependencies on other dimensions (see Reference data attribute and dimensions dependencies for information).
  • Update Accounts, Cost Centers, Departments, Location, and Vendors (see Manage Financial reference data).
  • Update External and Internal Labor Pools, Labor Allocation Rules, Labor Rates, and Roles (see Manage Labor reference data).
  • Update Contract types and VAT rates (see Manage Contract reference data).
  • Update Asset class (see Manage Asset Class reference data).
  • Update Cost Object Permissions (see Manage Cost Object Permissions reference data)
  • If you are supporting multiple currencies, update Actual and Plan Currency rates (see Manage currency conversion rate tables reference data).
  • If Project Financial Planning is enabled, update Project and Project Group (see Manage Project reference data).
• Create a plan or forecast.
• Enter financial details and adjust baseline values.
• Open a plan or a forecast.
• Notify Department Owners of a budget entry period (start and end date).
• Create a labor plan.
• Review, approve, or return plans or Cost Objects.
• Finalize a plan or forecast.
• Integrate with Cost Transparency.

SEE ALSO: As you update reference data, the following articles may be useful:

• Manage reference data for Planning
• Force a plan to use updated reference data