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Manage financials for planning items › Portfolio Planning › Strategic Portfolio Management
Release: Australia · Updated: 2026-03-12 · Official documentation · View source

Add, edit, or delete cost plans

Create a cost plan for a required duration to track your planned and actual expenses. Edit cost plans to adjust your planned expenses and delete any de-scoped forecasts.

Before you begin

Role required: sn_align_ws.spw_financial_user

About this task

The video is recorded using the Project Workspace view. Navigate to your portfolio to use cost plans in Strategic Planning.[Omitted video] Description: Manage cost plans for your planning items.

Procedure

  1. Navigate to Workspaces > Portfolio Planning Workspace and open a planning item.

  2. Select the Financials tab.

ChoiceDescription
To create a cost plan
  1. Select New cost plan (
    Image omitted: financials-new-cost-plan-button.png
    New cost plan button.).</li>

A side panel opens to create a cost plan.

  1. On the Cost plan form, fill the fields.

For a description of the field names, see Create cost plan form.

  1. Select Save to save the cost plan and close the side panel or Save and add new to save the cost plan and create a new cost plan. The cost plans created for sub projects can be viewed in the Cost screen of the parent project.
To edit a cost plan

You can edit a cost plan by one of the following ways.1. Select the name of the cost plan, in the cost plan side panel, edit the required details and select Update. 2. Double-click the cell for a future fiscal period and edit the cost plan value.

Tip: Use Tab key to navigate to next fiscal period and continue editing.

To delete a cost plan
  1. Select the Row context menu (
    Image omitted: row-context-menu-icon.png
    3 vertical dots denoting the row context menu.) against the cost plan name.</li>
  2. Select Delete Row.
  3. On the Delete selected cost plans window, select Delete (
    Image omitted: delete-option-red-colour.png
    Delete option button with red background and white text.).
    Note: Deleted cost plans and the associated expense lines cannot be recovered.
**Tip:** [Create a financial baseline](../scenario-planning-in-spw/create-compare-baselines.md) immediately after capturing the initial planned costs to have a snapshot of your planned costs. Use this baseline to compare it against the baselines from later dates, as the work progresses, to identify the variance between initial planned costs and actual expenses.

This helps you to plan for the future expenses and re-forecast the planned costs.