Summary Section of a Lifecycle Entity Financial Summary

The Summary section of a lifecycle entity's financial summary includes the fields described in Table 4-2. Fields in Summary section of a lifecycle entity financial summary.

Table 4-2. Fields in Summary section of a lifecycle entity financial summary

Field (*Required)

Description

Discount Rate

Discount rate, if any, being applied for the project, as described in the Portfolio Management User’s Guide.

Total Forecast Cost a

Total forecast (planned) costs over the entity's entire range of periods.

Total Forecast Benefit a

Total forecast (planned) benefits over the entity's entire range of periods.

NPV a

Net present value over the entity's entire range of periods, calculated as described in the Portfolio Management User’s Guide.

Total Approved Budget b

Total approved budget over the entity's entire range of periods.

Display Currency in

Toggle to display amounts in one of the following currencies:

  • Currency of the parent entity (the default option)

  • System default currency

The Display Currency in field is available only if the two currencies are different.

Total Actual Cost a

Total actual costs over the entity's entire range of periods.

Total Actual Benefit a

Total actual benefits over the entity's entire range of periods.

Total Nominal Return a

Total nominal return over the entity's entire range of periods, calculated as described in the Portfolio Management User’s Guide.

Snapshots field, Create Snapshot link

Click to create a snapshot of the financial summary. See Snapshots of a Lifecycle Entity Financial Summary .

Snapshots field, View Snapshots link

Click to display a list of snapshots of the financial summary.

    a.    These metrics include all of the data in the financial summary, which can extend beyond the time range that can be displayed. These metrics also include all existing phases of the lifecycle entity, that is, the lifecycle entity as it might have progressed from proposal to project to asset.

    b.    Total Approved Budget includes all of the approved budget data in the financial summary. You can display data for each of the fiscal years for which data exists. Total Approved Budget also includes all existing phases of the lifecycle entity, although it is typically used only for projects.

An approved budget for an entity is an agreed upon allocation of money for a fiscal year.

Below the Total Approved Budget field, click the View Approved Budget Details link to display the Budget Details page, which lists the individual budget lines that contribute to the approved budget for a fiscal year. To display any existing approved budget for the current fiscal year, for the previous fiscal year, for the next fiscal year, or for all of those years, select the desired year(s) in the Fiscal Year field. Each budget line includes the budget line name, creation date, amount, fiscal year, creator, and description.

From the Budget Details page, you can click Update Budget to add budget lines (with positive or negative amounts) to an approved budget for the current, previous, or next fiscal year. You cannot edit or delete existing budget lines for any fiscal year. For information about adding lines, see Viewing and Updating Lifecycle Entity Budget.