Create Plan – A summary of the activity

A plan is the total amount sanctioned by the top management for all the locations of a location unit for a given financial year. The budget is planned and approved for the apex location for a particular financial year. The approved funds are then allocated to various child locations of the apex location in the location hierarchy.

A plan is created in the “Fresh” status. You can cancel a plan that is in the “Fresh” status. On cancellation, the status of the plan is set as “Canceled”. When a plan is approved, its status changes to “Approved”. An approved plan can be revised by superseding it by another plan with the revised amount. The status of the earlier approved plan changes to “Superseded” and the status of the new plan is changed from “Fresh” to “Approved”. The amount of the approved plan is then distributed (allocated) to other locations in the “Allocate Cost Plan” activity. 

An approved plan can also be  “Closed”. Once a plan is closed, no further budget- related activities are allowed for that financial year. In other words, one cannot create/modify/approve proposals or plans. Also allocations and apportionment are not allowed for that financial year.

Note: There can only be one valid plan (in the “Approved” or “Closed” status) for a financial year.

Getting familiar with the pages inside

What you can do in this activity

Create a plan

Create a plan

You can create a plan in this activity.

•  Use the “Create Plan” page to create the plan.