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Configuring Strategic Financial Management

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This article applies to Planview Enterprise 11.5 and greater.

Strategic financial planning involves planning, estimating, and tracking costs and benefits of strategies, programs, and strategic projects. It also provides top-down and bottom-up planning capabilities. Organizations can define high-level financial plans for strategic planning purposes, and then compare those plans to bottom-up work financial plans that contain execution costs.

  • Top-down planning allows the entry of financial planning information in successive Strategy structure levels, starting with the enterprise and ending with the project. In this type of planning, data from a higher level can be spread, by percentage, to its lower levels.
  • Bottom-up planning allows the entry of financial planning information in successive Strategy structure levels, starting with the project and ending with the enterprise. In this type of planning, data from lower items can be rolled up to a higher level.

Multiple financial versions can exist within a financial model to allow for tracking data over time. Versions can be locked to capture history and provide the basis for later performance comparison.

Within a financial plan, flexible calculations enable an organization to enter FTEs and calculate hours and cost.

Project financial data can either be loaded and summarized from Work Financial Management through the Strategic Financial Management load or entered directly into Strategic Financial Management.

Note: In some versions of Planview Enterprise, Financial Management uses the cache of financial plans to help the system quickly display data on some screens. If you use Planview Enterprise 11.5, 12, or 13 and you are not sure that the cache of financial plans is already set up on your system, contact your system administrator.

The following steps are involved in setting up Strategic Financial Management .

  1. Configuring the enterprise and fiscal calendar in Financial Management.
  2. Setting up financial-planning models.
  3. Configuring financial-planning accounts.
  4. Configuring versions. For some basic information about defining versions, see Using Models and Versions in Financial Management.
  5. Configuring column sets.