Summary Section of a Program Financial Summary

The Summary section of a program's financial summary includes the fields described in Table 4-10. Fields in Summary section of a program financial summary.

Table 4-10. Fields in Summary section of a program financial summary

Field (*Required)

Description

Discount Rate

Discount rate, if any, being applied for the program. This discount rate is used to calculate NPV(editable), not NPV(rollup).

Total Forecast Cost a

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

Total Forecast Benefit a

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

NPV a

Net present value over the program's entire range of periods. NPV is the sum of the program content's NPV added to the NPV of the program's manually added data (if any):

NPV = ∑NPV(rollup) + NPV(editable)

where

NPV = Net present value.

NPV(rollup) = Net present value of the program's content which is the NPV of each lifecycle entity that belongs to the program. The NPV of each lifecycle entity is calculated as described in the Portfolio Management User Guide.

NPV(editable) = Net present value of the program based on manually added data only (if any). The nominal return used in this calculation is based on only the cost and benefits that have been manually added to the program (not to any lifecycle entities). NPV(editable) is calculated as described in the Portfolio Management User Guide. The discount rate used in this calculation is set from the program's Financial Summary Settings page.

Total Approved Budget b

An agreed upon allocation of money or funding (including both roll-up and editable data) for the program over the program's entire range of periods.

View Approved Budget Details link

Click to display the Budget Details page, which lists the individual budget lines (including both rolled-up and editable data) that contribute to the total approved budget.

From the Budget Details page you can filter the total approved budget 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, by selecting 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 generated from rolled-up data. For information about adding lines, see Viewing and Updating Program Budget.

Display Currency in

Toggle to display amounts in one of the following currencies:

  • Currency of the program's contents (proposals, projects, and assets)

  • System default currency

The Display Currency in field is available only if all the contents use the same currency.

For information about currencies, see Managing Financial Exchange Rates and Currencies.

Total Actual Cost a

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

Total Actual Benefit a

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

Total Nominal Return a

Total nominal return over the program's entire range of periods. Total nominal return is the program content's total cost subtracted from the program content's total benefit:

TNT = ∑Benefit - ∑Cost

where

TNR = Total nominal return.

Benefit = Total benefit of the program's content which is the total of all roll-up and editable benefits of each lifecycle entity that belongs to the program.

Cost = Total cost of the program's content which is the total of all roll-up and editable costs of each lifecycle entity that belongs to the program.

Snapshots field, Create Snapshot link

Click to create a snapshot of the financial summary. See Snapshots of a Program 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.

    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.