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Administrator Guide
Last Updated: 2023-06-23
Steps: Create Parent-Child Project Budgets

Steps: Create Parent-Child Project Budgets

Security:
Manage: Project Budget
 in the Projects functional area.
You can create a virtual parent-child structure for project budgets, enabling you to link your existing individual budgets. You can also streamline activities, such as consolidating reports and adding budget controls at a more summarized level than your detailed plans.
To create a parent plan, create a plan structure as you normally would, then use the related actions menu on your new plan structure to link a child plan.
  1. When you create a parent plan structure and include a top-level hierarchy, you can control budgets for all companies within the hierarchy.
  2. From the related actions menu of the new parent structure, select
    Plan Structure
    Link Child Plan Structure
    .
    When you select 1 or both of these check boxes on the parent plan structure, you must match them on the child plan structure:
    • Spend or Revenue Category required on Plan Lines
    • Record Quantity
    All required dimensions on the parent plan structure must be required dimensions on the child plan structure.
  3. Access the
    Create Plan Template
     task. See Create Plans or Budgets.
    Create a parent plan and include your linked plans.
  • Review your
    Virtual Parent
     plans on the
    Plan
     grid of the
    Financials
     grid of your project.
  • Report at an aggregate level across plan structures that might be different.