Project cost plans capture the costs of projects. Create a cost plan to specify the unit cost of a cost type for a fiscal period.

1. Open the project form.
2. In the related links, click Cost Plans.
3. Click New.
   Note: To create a cost plan from the Financials tab in Project Workspace, click Manage.
4. On the form, fill in the fields.

   Table 1. Cost Plan form

   Field	Description
   Name	Descriptive name of the cost plan.
   Project/Demand	Project or demand to which the cost plan belongs.
   Start fiscal period	Indicates the starting fiscal period. When you change the start fiscal period, the associated cost plan breakdowns also change. Start fiscal period also changes when you create cost plan breakdowns earlier than the start fiscal period.
   End fiscal period	Indicates the ending fiscal period. When you change the end fiscal period, the associated cost plan breakdowns also change. End fiscal period also changes when you create cost plan breakdowns later than the end fiscal period.
   Financials
   Entered currency	Currency in which you want the cost plan to be created. If the selected currency is different from the functional currency, the corresponding budget reference rate is used to calculate the total planned cost, planned capital, planned operating of the project.
   Unit cost	Cost of a single unit of the resource, which is in terms of entered currency.
   Quantity	Quantity of the resource that is required.
   Recurring	Check box to indicate that the cost is recurring for each fiscal period. Quantity x Unit cost incurred for every fiscal period.
   Cost type	Cost type definition.
   Total planned cost	Total estimated cost of the cost plan. If the cost is recurring, the calculation is Quantity x Unit cost x number of fiscal periods. If the cost is non-recurring, the calculation is Quantity x Unit cost.
   Functional currency	Currency that is obtained from the glide.system.locale property. For upgraded customers, if the selected currency is different from the functional currency configured in the Financial Management application, the corresponding budget reference rate is used to calculate the total planned cost, planned capital, planned operating of the project. Note: If budget reference rates are not defined, then exchange rate is considered as 1. For example, if functional currency is USD, entered cost is EUR, and no exchange rate is defined, then 1000 USD equals to 1000 EUR.
   Cost in functional currency	Value that is rolled up from the Functional cost field of all cost plan breakdowns.
   Total actual cost	Value that is rolled up from the Actual cost field of all cost plan breakdowns.
   Estimate at Completion	Sum of all actuals for past fiscal periods added to the functional cost for future fiscal periods. For example, the duration of a project is from January 01 to December 31, and if you check the Estimate at Completion in the month of May, it is calculated as: Sum of actuals from Jan to April + Sum of functional cost from May to December.

   Note: When you change the planned start date of a project, the associated cost plans and resource plan also change. The project property Change Resource Plan and Cost Plan Start Date with Demand or Project Start Date Change controls the behavior for project start date change.
5. Click Submit.