Overview of Financial Planning


Planning and executing a project can involve managing many moving parts from initial scoping and estimation, to tracking actuals & progress and then eventual close out/ hand-off. In some organizations, the financial components are known up front (Fixed Price service delivery projects), and in others it is a core part of planning and controlling the project that requires close tracking by a Project Manager. Tracking actuals is frequently done with a counterpart Project Controller in a Finance or Operations team.


Financial Planning introduces a fast, simple, and familiar way of working with project budgets that combines the simplicity of a spreadsheet for data entry, together with the control and structure that organizations need to keep track of the bigger picture of project financial data at scale, and over time.

While entering all Financial Planning Data you can easily utilize the information for reporting purposes by exporting to excel. For more info, see Export Summary to Excel.

Financial Planning extends the time-phased planning capabilities of Clarizen that Project Managers are familiar with from Resource Planning into the Financial dimension of estimating and controlling projects. Financial Planning lets you capture Non-Labor Resources costs, per month.

Non-Labor Resources (NLR’s) can be any materials, equipment, infrastructure or other costs that impact the overall cost and revenue of your Project. They can be categorized for easier management.

In the Financial Planning view, Project Managers can add Non-Labor Resources to a Project and set the financial amounts (Cost & Revenue for Budgets, Actuals and Forecasts) per time period. The financial amounts are projected across time periods with totals by NLR and period. The totals are also rolled up to the project and incorporated in the Budgeted Cost, Actual Cost and other standard Clarizen financial KPI fields.

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