Introduction to Plans

Plans are new entities introduced by Cloud Financial Planning. Plans are documents containing both forecast and a budget. A forecast is automatically generated from actuals and stored within the document using options you specify while creating the plan. See Creating Plans to learn more.

The initial generated forecast is referred to as the baseline forecast, as it represents your current run-rate spending projected forward. You can edit the forecast in the plan by entering adjustments and adding new spending items. See Making forecast adjustments to learn more.

Forecast changes are tracked separately so that you are able to analyze new and changed spending separately from your projected run-rate spending. You can also update (re-generate) your baseline forecast at any point in time. See ../creating-and-using-plans/updating-baseline-forecast.html to learn more.

Plans also contain a budget. The budget is at the same level of cost ownership as the forecast, so that the budget amounts can be tied to forecast and used as the spending limit for a given level of cost ownership. Budgets can be modified separately from the forecast amounts by different users. See Setting budget targets to learn more.