Planning Process Overview

12/27/23, 9:22 AM Planning Process Overview
Before You BeginPrikaži stranicu na jeziku: bosanski Prevedi Opcije ▼
About the Workflow
Planning, Budgeting, and
Planning Process Overview

Forecasting
Workflow Tools
Navigation Flows
Dashboards
Infolets Before You Begin

Task Lists
This 25-minute tutorial introduces you to:
Planning with Multiple ■ A typical planning process using Planning in Oracle EPM Cloud Service
Scenarios
■ Planning, budgeting, and forecasting workflow concepts and tools
Submitting Budgets ■ The benefits of planning using multiple scenarios
■ The budget submission process
Want to Learn More?
Background
Planning effectively is the key to achieving a successful implementation.
With Oracle Planning, you can design budgets that:
■ Align the organization to its strategies by planning and forecasting

using key drivers and assumptions
■ Allow you to analyze and measure results, and make plan adjustments
accordingly
■ Provides timely and accurate information for improved and lower-
risked budget planning and decision making
A typical planning and budgeting process includes the following general

steps:
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Before You Begin
About the Workflow

Forecasting
Workflow Tools
Navigation Flows
Dashboards
Infolets
Task Lists
Planning with Multiple

Scenarios
Submitting Budgets
Want to Learn More?
1. Enter data - you enter data directly into Planning through forms or
Smart View grids or you can import data through Planning or Data
Integration.
2. Adjust data - you adjust Planning data in forms manually or through
the provided adjustment tools, Mass Allocate and Grid Spread, which
enable users to simultaneously spread data values across multiple
dimensions.
3. Calculate data - you calculate Planning data by using the provided
business rules or by creating and using custom business rules in
Calculation Manager.
4. Annotate data - users enter annotations to justify and document
details for data values. Annotations can include cell-level text,
document attachments, and supporting detail.
5. Review and approve budgets - you can set up the approval process
based on your organization structure so that you can review and
approve data in Planning. You can include validation rules in forms to
identify exceptions before the approval process begins.
6. Run and publish reports - after entering, calculating, adjusting, and
reviewing Planning data, you use Reporting to depict the results in
static or dynamic reports.
To complete the planning and budgeting cycle with successful results

using the general steps mentioned above, you must first collect the
requirements for producing a plan and forecast. Determine which
approach best identifies the gap between your organization's budget and
targets
targets.
Before You Begin
About the Workflow About the Workflow

Forecasting Planning, Budgeting, and Forecasting
Workflow Tools
Planning is the process of determining an organization's financial
Navigation Flows direction and vision. Most organizations develop an annual plan, which is
Dashboards part of a larger strategic plan that covers three to five years. Planning is
typically comprised of strategic plans, long-range plans, and annual plans.
Infolets
Task Lists Budgeting is the preparation and approval of financial and operational
plans with a short-term but detailed view. Budgets present the "what is
Planning with Multiple expected" while focusing on the accountability within a detailed cost
Scenarios structure.
Forecasting typically takes past or actual data, usually based from a

Submitting Budgets
revenue perspective, to project future outcomes.
Want to Learn More? An effective planning, budgeting, and forecasting process provides an
efficient system of checks and balances on expected and possible
outcomes, for both immediate and long-term. Run multiple what-if cases,
called Scenarios, to gain insight on viable projections and outcomes.
Workflow Tools
When preparing your plan, budget, or forecast, you enter data in
forms. Forms are designed to integrate with the dashboards and reports
that dynamically reflect your data, plans, and forecasts. To manage the
process, you can control the workflow using a combination of Planning
features.
Navigation Flows
Navigation Flows are comprised of clusters, cards, and tabs that allow a
user to complete planning tasks within dashboards, task lists, forms, rules,
approvals, and reports. You can create navigation flows that control how
roles, or groups, interact in Planning.
For example, you can change the names of the cards and clusters that
display on the Home page and the order in which they are displayed. You
can hide cards, create new cards, and group cards into clusters. You can
also customize the vertical and horizontal tabs that display on a card.
Before You Begin
About the Workflow

Forecasting
Workflow Tools
Navigation Flows
Dashboards
Infolets
Task Lists

Scenarios
Submitting Budgets
Want to Learn More?
You can use navigation flows to guide planners throughout the budgeting
process.
Dashboards
Design dashboards that benefit the workflow of your budgeting process.
Before You Begin
About the Workflow

Forecasting
Workflow Tools
Navigation Flows
Dashboards
Infolets
Task Lists

Scenarios
Submitting Budgets
Want to Learn More?
With dashboards, you can:
■ Provide an overview to planners at the beginning of the planning and

forecasting process by showing summary data.
■ Enable planners to chart, evaluate, highlight, comment on, and change
key business data. Display a combination of data entry forms that
update charts and other forms whenever data is changed.
■ Enable users to drill down into underlying detail and select which
members to work with, as based on the form design.
■ Enable planners to add commentary that includes explanations of data.
Before You Begin
About the Workflow

Forecasting
Workflow Tools
Navigation Flows
Dashboards
Infolets
Task Lists

Scenarios
Submitting Budgets
Want to Learn More?
Infolets
With infolets, you can view and interact with high-level, essential
information generated from different sources so that they can quickly
assess where to direct their attention.
Service Administrators create, redesign, delete, and

assign permissions to infolets.
Infolets are "box-shaped" interactive containers used to display

information using text and charts. Infolets use progressive disclosure to
display high-level, aggregated, essential information. Infolets can be
flipped and resized to display up to three charts or sets of values.
Before You Begin
About the Workflow

Forecasting
Workflow Tools
Navigation Flows
Dashboards
Infolets
Task Lists

Scenarios
Submitting Budgets
Want to Learn More?
An infolets page contains one or more infolets.
Use infolets to:
■ Promote essential, easily consumable information

■ Provide answers to your most critical questions:
■ What is new or what has changed?
■ What is the most important information that supports my work?
■ Group key information by user role in a way that helps users quickly
assess and prioritize their work
■ Progressively display essential details and actions
Display these additional details in the various infolet views accessed by

flipping or expanding an infolet. However, a single infolet view is
acceptable.
■ Provide a visually rich means of displaying essential or summary

information
Do not use infolets to feature highly complex

information, such as reporting functions, or to present
detailed visuals.
Task Lists
Task lists guide users through the planning process by listing tasks,
instructions, and end dates. Service Administrators and Power Users can
create and manage tasks and task lists
create and manage tasks and task lists.
Before You Begin
Task lists help you organize, track, and prioritize your workload.
About the Workflow

Forecasting
Workflow Tools
Navigation Flows
Dashboards
Infolets
Task Lists

Scenarios
Submitting Budgets
Want to Learn More?
For example, a task might help you complete forms, launch business rules,
or promote approval units. They can also launch a website or internal
company page.
Before You Begin
About the Workflow Planning with Multiple Scenarios

Forecasting The budgeting process is typically a combination of data analysis and
forecasting. You use previous performance results, learn from past
Workflow Tools
experiences, and set reasonable goals.
Navigation Flows
You can build, compare, and validate multiple plans, and then see the
Dashboards differences and effects in each scenario.
Infolets
When you plan using multiple scenarios, you can:
Task Lists
■ Analyze possible outcomes based on related challenges, drivers, and
Planning with Multiple opportunities that can impact how your organization can achieve its
Scenarios targets based on your budget.
■ Gain new insight by analyzing past, current, and future events, and
Submitting Budgets
then model possible outcomes from these events.
Want to Learn More? ■ Identify and remove uncertainty from your budget while considering
the possibility of unforeseen opportunities.
■ Review assumptions that fall short on the key drivers your
organization's targets depend on.
You plan scenarios that impact your organizational targets the most.
Considerations:
■ Review drivers and trends that affect your organization's goals.

■ Evaluate, then prioritize drivers and trends, first qualitatively, then
quantitatively.
■ Plan using scenarios with most likely outcomes.
■ Plan scenarios around critical uncertainties.
■ Plan with scenarios that cover a full range of possibilities.
■ Review the effects of each scenario and develop alternatives for each.
■ Keep a close eye on drivers you used in alternative scenarios.
Typically, a budget includes these scenarios: Actual, Plan, and Forecast.

Plan additional scenarios that may represent other key situations. Here are
a few examples:
Before You Begin
About the Workflow

Forecasting
Workflow Tools
Navigation Flows
Dashboards
Infolets
Task Lists

Scenarios
Submitting Budgets
Want to Learn More?
Submitting Budgets
Approvals structure the workflow and formalize authority levels as you
prepare budget data.
Plans are tracked and managed through approval units. An approval unit
is the basic unit for preparing, annotating, reviewing, and approving plan
data. Using Approvals, you submit your plan data for a particular scenario,
version, and entity (or part of an entity).
Before You Begin
About the Workflow

Forecasting
Workflow Tools
Navigation Flows
Dashboards
Infolets
Task Lists

Scenarios
Submitting Budgets
Want to Learn More?
To prepare the budget process, Service Administrators define:
■ Approval unit hierarchies

■ Owners and reviewers of the approval unit hierarchies
■ Validation rules for evaluating submitted data
When a user submits budget data, the data is subjected to validation

rules. If the data passes the validations, the budget is promoted to the
next owner, and the original user can't edit the data unless ownership
is granted again. The submission process locks the data from being
edited by anyone except the current owner.
Learn more about Approvals and the Review process in

the Managing Approvals tutorial.
Before You Begin
About the Workflow Want to Learn More?

Forecasting ■ Documentation and related videos
Workflow Tools ■ Oracle EPM Tutorials YouTube Channel
Navigation Flows ■ Oracle Blog: 5 Things a Comprehensive Planning and Forecasting

Solution Always Has
Dashboards
Infolets
Task Lists

Scenarios
Submitting Budgets © 2023 Oracle Privacy / Do Not Sell My Info Cookie Preferences Ad Choices Careers
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12/27/23, 9:22 AM Planning Process Overview

Before You BeginPrikaži stranicu na jeziku: bosanski Prevedi Opcije ▼

About the Workflow

Planning, Budgeting, and