Plan the portfolio

As a portfolio manager, you can perform financial planning for a portfolio for a fiscal year using the portfolio workbench. Portfolio planning can be completed using either simple or advanced mode.

On the Portfolio form, you can set the Portfolio Planning field to Advanced or Simple. Depending on your selection, the portfolio workbench is populated with the planning steps.

The following illustration provides a high-level overview of the planning process in advanced and simple planning modes.
Figure 1. Planning for portfolio
Planning for portfolio stages

Portfolio planning in simple mode

If the portfolio is in simple planning mode, you can perform simple financial planning for the projects and demands in the portfolio. Follow these steps:
  1. Select the fiscal period and set targets.
  2. Select projects and demands.
After you are finished with planning, track the portfolio performance, compare the planned budgets against the actuals, and review risks and issues.

Portfolio planning in advanced mode

If the portfolio is in advanced planning mode, follow these steps:
  1. Select the fiscal year and set targets.
  2. Select projects and demands.
  3. Create a budget plan.
  4. Re-promote a budget plan, if required.
  5. Create a forecast plan.
An example portfolio planning flow in advanced mode is shown:
Figure 2. Advanced portfolio planning example
An example for advanced portfolio planning

After you are finished with planning, track the portfolio performance, compare the planned budgets against the actuals, and review risks and issues.