Create and promote a forecast plan As the portfolio manager, you can re-estimate (forecast) the portfolio budget for future periods based on the actual cost and changed project requirements. Before you begin Role required: it_portfolio_manager The Portfolio Planning field for the portfolio must be set to Advanced on the Portfolio form. The forecast period for the fiscal period must be open to create the forecast plan for a portfolio. For example, the forecast period for FY17: Apr must be open to create a forecast plan in April. The PPS admin can open the forecast period for a fiscal period by navigating to Project Administration > Open/Close Forecast Periods. The budget period for a fiscal period must be closed to open a forecast period for the corresponding fiscal period. The PPS admin can close the budget period for a fiscal period by navigating to Project Administration > Open/Close Budget Periods. Only one forecast period can be open at a time. About this task Navigate to portfolio workbench, and open the portfolio that you want to track. Click Promote Forecast Plan under Step 4: Forecasting. Result The forecast plan for the portfolio is created and promoted for the selected forecast period. You can re-promote the forecast plan, if required. A task with the status Pending Approval is created when the portfolio manager promotes the forecast plan. The status of the task is visible in Portfolio Workbench. What to do next To view the task for the forecast plan, click the Status link. The finance reviews the portfolio forecast plans in the Planning Workbench and approves the plan. To view a list of all the promoted forecast plans for the portfolio, click the All Promoted Forecast Plans link under step 4: Forecasting. The promoted forecast plans are listed for all forecast periods. After the forecast plan is finalized and no further changes are expected, the forecast period must be closed.