Legacy- Plan the portfolio
concept australia Updated Sep 10, 2026 6 min read c_FinancialPlanningForPortfolio.md
As a portfolio manager, you can perform financial planning for a portfolio for a fiscal year using the portfolio workbench. Portfolio planning can be completed using either simple or advanced mode.
The content in this topic is applicable for customers upgrading from a previous release to Brazil. If you are a new customer, see Scenario Planning for PPM.
On the Portfolio form, you can set the Portfolio Planning field to Advanced or Simple. Depending on your selection, the portfolio workbench is populated with the planning steps.
The following illustration provides a high-level overview of the planning process in advanced and simple planning modes.
[Omitted image "financial_planning.png"] Alt text: Planning for portfolio stages
Portfolio planning in simple mode
If the portfolio is in simple planning mode, you can perform simple financial planning for the projects and demands in the portfolio. Follow these steps:
After you are finished with planning, track the portfolio performance, compare the planned budgets against the actuals, and review risks and issues.
Portfolio planning in advanced mode
If the portfolio is in advanced planning mode, follow these steps:
- Select the fiscal year and set targets.
- Select projects and demands.
- Create a budget plan.
- Re-promote a budget plan, if required.
- Create a forecast plan.
An example portfolio planning flow in advanced mode is shown:
[Omitted image "AdvPortfolioPlanningFlow.png"] Alt text: An example for advanced portfolio planning
After you are finished with planning, track the portfolio performance, compare the planned budgets against the actuals, and review risks and issues.
Scenario Planning for PPM
Install the Scenario Planning for PPM application from ServiceNow Store to help the portfolio managers do a scenario-based portfolio planning with different combinations of demands and projects. You can Compare multiple scenarios in a portfolio and fund only those demands and projects that add financial value to the organization.
- Legacy- Planning view in portfolio workbench
View all the demands and projects scheduled for the selected fiscal year with their planned cost, resource requirements, and priorities to finalize them for execution. - Legacy- Select the fiscal year and set targets
The first step in both Simple and Advanced planning for a portfolio is to select the fiscal period for the data that you want to work with. Next, set the target amounts for both operating and capital expenses. - Legacy- Select demands and projects for portfolio planning
After you select the fiscal period and set budget targets, select the demands and projects to include in budget planning. You can view all the demands and projects lined up for the selected fiscal year with their planned cost and priorities to finalize them for execution. - Legacy- Review external dependencies between projects
Review the external dependencies between projects in a portfolio to track projects that are dependant on each other more closely. - Legacy- Create and promote a budget plan
As part of the PPM Standard (Project Portfolio Management) integration, you can create and promote a budget plan for a portfolio. - Legacy- Financial planning workbench
The financial planning workbench is a central location to manage budget tasks, review, and approve the promoted plans. Financial planning workbench is deprecated in the Paris release. Financial planning workbench is still available on instances upgraded from a previous release but is not available for new instances. - Legacy- Repromote a budget plan
Repromote the budget plan to reflect the modifications in the portfolio budget that resulted because of a change in demand or project selection planned cost. - Legacy- View promoted portfolio budget plans in the planning workbench
Use the financial planning workbench to view the portfolio budget plan promoted by portfolio manager, which is initiated in Project Portfolio Management and converted as a budget plan in Financial Management.
Parent Topic:Legacy portfolio workbench
Related topics
Access the legacy Portfolio workbench
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--- title: Legacy- Plan the portfolio description: As a portfolio manager, you can perform financial planning for a portfolio for a fiscal year using the portfolio workbench. Portfolio planning can be completed using either simple or advanced mode. locale: en-US canonical_url: https://www.servicenow.com/docs/r/australia/it-business-management/portfolio-management/c\_FinancialPlanningForPortfolio.html release: australia product: Portfolio Management classification: portfolio-management topic_type: concept last_updated: "2026-09-10" reading_time_minutes: 6 breadcrumb: [Legacy portfolio workbench, Portfolio Management, Project Portfolio Management, Strategic Portfolio Management] --- # Legacy- Plan the portfolio As a portfolio manager, you can perform financial planning for a portfolio for a fiscal year using the portfolio workbench. Portfolio planning can be completed using either simple or advanced mode. The content in this topic is applicable for customers upgrading from a previous release to Brazil. If you are a new customer, see [Scenario Planning for PPM](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/portfolio-planning-overview.md). On the Portfolio form, you can set the [**Portfolio Planning**](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/t_CreateAPortfolio.md) field to **Advanced** or **Simple**. Depending on your selection, the [portfolio workbench](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/c_PortfolioWorkbench.md) is populated with the planning steps. The following illustration provides a high-level overview of the planning process in advanced and simple planning modes. \[Omitted image "financial\_planning.png"\] Alt text: Planning for portfolio stages ## Portfolio planning in simple mode If the portfolio is in simple planning mode, you can perform simple financial planning for the projects and demands in the portfolio. Follow these steps: 1. [Select the fiscal period and set targets](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/t_SelectFiscalPeriodAndSetTargets.md). 2. [Select projects and demands](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/t_SelectProjectsAndDemands.md). After you are finished with planning, [track](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/t_ReviewFinancialPlanning.md) the portfolio performance, compare the planned budgets against the actuals, and review risks and issues. ## Portfolio planning in advanced mode If the portfolio is in advanced planning mode, follow these steps: 1. [Select the fiscal year and set targets](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/t_SelectFiscalPeriodAndSetTargets.md). 2. [Select projects and demands](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/t_SelectProjectsAndDemands.md). 3. [Create a budget plan](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/t_CreateABudgetPlanFromPortfolio.md). 4. [Re-promote a budget plan](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/repromote-budget-plan.md), if required. 5. [Create a forecast plan](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/create-forecast-plan.md). An example portfolio planning flow in advanced mode is shown: \[Omitted image "AdvPortfolioPlanningFlow.png"\] Alt text: An example for advanced portfolio planning After you are finished with planning, [track](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/t_ReviewFinancialPlanning.md) the portfolio performance, compare the planned budgets against the actuals, and review risks and issues. ## Scenario Planning for PPM Install the [Scenario Planning for PPM application](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/install-scenario-planning.md) from ServiceNow Store to help the portfolio managers do a scenario-based portfolio planning with different combinations of demands and projects. You can Compare multiple scenarios in a portfolio and fund only those demands and projects that add financial value to the organization. - **[Legacy- Planning view in portfolio workbench](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/demands-projects-view-port-workbench.md)** View all the demands and projects scheduled for the selected fiscal year with their planned cost, resource requirements, and priorities to finalize them for execution. - **[Legacy- Select the fiscal year and set targets](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/t_SelectFiscalPeriodAndSetTargets.md)** The first step in both Simple and Advanced planning for a portfolio is to select the fiscal period for the data that you want to work with. Next, set the target amounts for both operating and capital expenses. - **[Legacy- Select demands and projects for portfolio planning](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/t_SelectProjectsAndDemands.md)** After you select the fiscal period and set budget targets, select the demands and projects to include in budget planning. You can view all the demands and projects lined up for the selected fiscal year with their planned cost and priorities to finalize them for execution. - **[Legacy- Review external dependencies between projects](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/review-external-dependencies-between-projects.md)** Review the external dependencies between projects in a portfolio to track projects that are dependant on each other more closely. - **[Legacy- Create and promote a budget plan](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/t_CreateABudgetPlanFromPortfolio.md)** As part of the PPM Standard \(Project Portfolio Management\) integration, you can create and promote a budget plan for a portfolio. - **[Legacy- Financial planning workbench](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/financial-planning-workbench.md)** The financial planning workbench is a central location to manage budget tasks, review, and approve the promoted plans. Financial planning workbench is deprecated in the Paris release. Financial planning workbench is still available on instances upgraded from a previous release but is not available for new instances. - **[Legacy- Repromote a budget plan](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/repromote-budget-plan.md)** Repromote the budget plan to reflect the modifications in the portfolio budget that resulted because of a change in demand or project selection planned cost. - **[Legacy- View promoted portfolio budget plans in the planning workbench](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/view-ppm-portfolio-budget-plan-in-planning-workbench.md)** Use the financial planning workbench to view the portfolio budget plan promoted by portfolio manager, which is initiated in Project Portfolio Management and converted as a budget plan in Financial Management. **Parent Topic:**[Legacy portfolio workbench](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/c_PortfolioWorkbench.md) **Related topics** [Access the legacy Portfolio workbench]() [Legacy- Forecast the budget for portfolio]() [Legacy- Track the portfolio]() [Actual project costs]()
| title | Legacy- Plan the portfolio |
| description | As a portfolio manager, you can perform financial planning for a portfolio for a fiscal year using the portfolio workbench. Portfolio planning can be completed using either simple or advanced mode. |
| locale | en-US |
| canonical_url | https://www.servicenow.com/docs/r/australia/it-business-management/portfolio-management/c\_FinancialPlanningForPortfolio.html |
| release | australia |
| product | Portfolio Management |
| classification | portfolio-management |
| topic_type | concept |
| last_updated | 2026-09-10 |
| reading_time_minutes | 6 |
| breadcrumb | Legacy portfolio workbenchPortfolio ManagementProject Portfolio ManagementStrategic Portfolio Management |