The first step in both Simple and Advanced planning for a portfolio is to select the
fiscal period for the data that you want to work with. Next, set the target amounts for both
operating and capital expenses.
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 amount spent in the last year. The
target is the starting point for planning projects for the next fiscal year.
On the Portfolio form,
set the Portfolio Planning field to
Simple or Advanced for the
Role required: it_portfolio_manager
budget target can also be set with ITFM Budget Targets. The target defined in ITFM
can also be modified in portfolio workbench.
The budget target appears in step 1. You can click the target amount to revise the
Access the Portfolio workbench and open the portfolio that
you want to perform the planning for.
In the Fiscal Year choice list, select the year that you
want to perform the planning for.
You can perform financial planning for only one fiscal period at a
In Step 1: Set Target, click Set
Enter the amounts for Capex Target and Opex
- If target has been set in Budget Targets (in ITFM),
they are defaulted and you can override the values from the
portfolio form / workbench.
- The currency value is derived from the currency property
If the property is not set, the currency is derived from the global
currency of the instance.