Create monetary benefit plans for your planning items in Strategic Planning

---
title: Create monetary benefit plans for your planning items in Strategic Planning
description: Create and manage monetary benefit plans to capture the potential benefits while executing your planning items.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/it-business-management/scenario-planning-in-spw/fin-manage-monetary-benefit-plans-spw.html
release: australia
product: Scenario Planning in SPW
classification: scenario-planning-in-spw
topic_type: task
last_updated: "2026-09-10"
reading_time_minutes: 1
breadcrumb: [Manage financials for planning items, Portfolio Planning in Strategic Planning Workspace, Strategic Planning, Strategic Portfolio Management]
---

# Create monetary benefit plans for your planning items in Strategic Planning

Create and manage monetary benefit plans to capture the potential benefits while executing your planning items.

## Before you begin

-   [Enable monetary benefit plans for planning items](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/scenario-planning-in-spw/enable-benefitplans-spw-fin.md)
-   [Add monetary and non-monetary benefit plans related lists](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/scenario-planning-in-spw/enable-benefit-plans-planning-items.md)
-   Role required: sn\_align\_ws.spw\_financial\_user

## About this task

\[Omitted video\] Description: Create and manage benefit plans

## Procedure

1.  Navigate to **Workspaces** > **Strategic Planning Workspace** > **Portfolio Planning**.

2.  From the list of portfolio plans, select a portfolio plan.

3.  From the Prioritization or Roadmap tab, select the planning item to create a monetary benefit plan.

    The full details page of the planning item is displayed.

4.  Create a monetary benefit plan using one of the following options.

<table id="choicetable_b1n_bmf_khc"><thead><tr><th align="left" id="d317847e138">

Option

</th><th align="left" id="d317847e141">

Procedure

</th></tr></thead><tbody><tr><td id="d317847e147">

**Using Monetary benefit plan related list**

</td><td>

1.  Select the **Monetary Benefit Plans** related list.
2.  Select **New**.


</td></tr><tr><td id="d317847e171">

**Using finanicals record page**

</td><td>

1.  Select the **Financials** tab.
2.  Select **New monetary benefit plan** using the More actions option.


</td></tr></tbody>
</table>5.  On the Benefit Plan form, fill the fields.

    For a description of the field names, see [Benefit Plan form](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/project-management/benefit-plan-form-project-management.md).

6.  Select **Save**.


## Result

The newly created monetary benefit plan appears in the finanicals record page and in the monetary benefit plans related list.

## What to do next

-   [Edit monetary benefit plans](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/scenario-planning-in-spw/fin-edit-monetary-benefit-plan-spw.md).
-   [Capture actual monetary benefits](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/scenario-planning-in-spw/fin-manage-actual-monetary-benefit-spw.md).