Hi Rakesh,

You could create a subproject or activity per Year the project is running.

In B&F you can only divide the cost per financial period withing a budget (or forecast) line

By setting up the WBS/Project plan per year you can also budget per year

Hope this helps a bit

Regards Erik

Hi @EriLNL 

Thank you so much for the response.

I have created activities per year the project is running.

But I am not able to set up Project Forecast/Budget for a particular financial year.

Humbly request you to please let me know where I can set up forecast/budget per year wise as in Project Forecast window it is not allowing me to divide the cost per financial year.

Screenshots will be really helpful.

Thank you so much in advance.

Best Regards,

Rakesh

Hi Rakesh,

It depends a bit on the type of business, I know the requirement more from a Departmental project, like an IT department, so I created an example for that. But probably you can do that also for Customer facing Projects

What I basically did was start with the year, and then the the sub projects if needed.

Now you can create a budget at year level (2023 and 2024) or as I did per activity for a specific year

In reporting you can roll it up to project and any CBS level.

Hope this makes it more clear

Regards Erik

Hi @EriLNL ,
 

Thank you so much for the explanation.

Just a query , before creating a sub project how you created the Year in the hierarchy. Screenshots will be really helpful.

Best Regards,

Rakesh

Hi Rakesh,

It is the normal flow of setting up multiple sub project levels withing the project

You create the year as top Sub project:
 

Then selecting that subproject you create a new sub project under 2024 in this case:

And in the details you can define the sub project under 2024:

Regards Erik

Hi @EriLNL 

Thank you so much :)