Repromote a budget plan

Repromote the budget plan to reflect the modifications in the portfolio budget that resulted because of a change in demand or project selection planned cost.

Before you begin

To repromote a budget plan for a portfolio, the budget period for the selected fiscal period must be open.

Role required: it_portfolio_manager

About this task

After promoting the portfolio budget plan, as the portfolio manager, you can decide to modify the budget based on the investment committee suggestions. You can work with project and demand managers to modify the cost plans for the demand and project to implement the suggested changes. The budget plan can then be repromoted to reflect the changes in the budget plan.

Procedure

Perform either of these steps:
OptionSteps
From the portfolio workbench In Step 3: Budgeting, click Re-promote Budget Plan.
From the Portfolio form
  1. Navigate to Project > Portfolios > All.
  2. Open the portfolio, and click the Create/Revise Budget Plan related link.
  3. In the Fiscal Year choice list, select the fiscal year, and click OK.

Result

The budget plan is repromoted as the updated budget for the selected fiscal year.

What to do next

Once the budget plan is repromoted and no more changes are expected, the budget period must be closed.