Select fiscal year and set targets

The first step in both basic and advanced planning for a portfolio is to select the fiscal period for the data you want to work with. Next, you set the target amounts for both operating and capital expenses.

Before you begin

Role required: it_portfolio_manager

Set the Portfolio Planning field to Simple or Advanced on the Portfolio form for the portfolio.

About this task

Typically, the target amount is provided by the steering committee or the investment committee. Based on the actual amount spent in the last fiscal year, the target for the planned fiscal year can be 110% of the last year spent amount. The target is the starting point for planning projects for the next fiscal year.

The budget target can also be set with ITFM Budget Targets. The target defined in ITFM can also be modified in portfolio workbench.


  1. Access the Portfolio workbench and open the portfolio for which you want to perform the planning.
  2. In the Fiscal Year choice list, select the year for which you want to perform the planning. You can perform financial planning for only one fiscal period at a time.
  3. Click Set Target under Step 1: Set Target.
  4. Enter the amounts for Capex Target and Opex Target.
    • If target has been set in Budget Targets (in ITFM), they are defaulted and you can override the values from portfolio form / workbench.
    • The value of currency is derived from the currency property com.glide.financial_management.currency_code. If the property is not set, then the currency is derived from the global currency of the instance.
  5. Click Save.


The budget target appears in step 1. You can click the target amount to revise it.

What to do next

Select demands and projects for portfolio planning.