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Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue · Module 9 · Project Plan Types and Financial Plan Types

Budgetary control settings

Lesson 98 of 198 · 11 min

Select budgetary control settings on the plan type. Set the control level — absolute, advisory, or none — the tolerance and the control period. Show a transaction exceeding the budget under each control level, and show the funds check result. ABSOLUTE CONTROL STOPS TRANSACTIONS. That is powerful and IT STOPS WORK. Advisory warns and lets things through. Most clients start advisory and tighten later, and that is usually right. Budgetary control is optional. Many project implementations do not use it. Ask before configuring. The control period determines the granularity of the check — annual, quarterly, project-to-date. It is a policy question for Finance.

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In this module: Module 9 · Project Plan Types and Financial Plan Types

  1. 1Two kinds of plan
  2. 2Project plan types
  3. 3Financial plan types: the plan class
  4. 4Creating a financial plan type
  5. 5Generation options
  6. 6Currency and rate settings
  7. 7Budgetary control settings
  8. 8Plan version approval workflow
  9. 9What breaks
  10. 10Lab: two plan types, generated not retyped