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

  1. Navigate to portfolio workbench, and open the portfolio that you want to track.
  2. Click Promote Forecast Plan under Step 4: Forecasting.


  • 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.