M2.15 Cost Plan Approval

  

Description

As the PM of the project, you have the authority on whether to approve the cost plan as submitted to you by the finance person on the project. Review the breakdown of costs and signal approval or rejection.

Once a cost plan is approved, it will be shown as a budget.

 

Denote which budget is the approved budget.

 

Detailed Steps

 

Step 1: Log in to Clarity.

 

Step 2: Retrieve Cost Plan for Approval.

  1. Click on Project icon.

  2. Select My Menu Projects from the View drop-down list.

  3. Click to open project from the list.

 

  1. Click on Financials tab.
  2. Select Budget View from drop-down list.
  3. Click on Cost Plans.

  4. Select the Project Cost Plan for approval.

 

Step 3: Submit Cost Plan for Approval if Not in Approval State.

  1. Click the three vertical dots.

  2. Click Submit for Approval.

 

  1. Click Submit.

 

  1. Verify you are on the Financials Tab.

  2. Select Budget View from drop-down list.

  3. Click Budgets.

  4. Click the Cost Plan to Approve.

 

  1. Click the three vertical dots.

  2. Click on Approve Budget or Reject Budget.

If the Submitted Cost Plan is Approved select the Approve Budget.

 

If the Submitted Cost Plan is Rejected select the Reject Budget.

 

 

  1. Success: Budget is approved message will appear at top of screen.