---
title: Legacy- Forecast period
description: Forecast periods are similar to budget periods that aim to control the promotion of forecast plans.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/it-business-management/portfolio-management/forecast-period.html
release: australia
product: Portfolio Management
classification: portfolio-management
topic_type: concept
last_updated: "2026-09-10"
reading_time_minutes: 1
breadcrumb: [Legacy- Financial planning workbench, Legacy- Plan the portfolio, Legacy portfolio workbench, Portfolio Management, Project Portfolio Management, Strategic Portfolio Management]
---

# Legacy- Forecast period

Forecast periods are similar to budget periods that aim to control the promotion of forecast plans.

Forecast periods can be created for a closed budget period. Forecast plans can be promoted only if the forecast fiscal month period is open.

**Note:**

Only one forecast period can be open at any point in time.

**Parent Topic:**[Legacy- Financial planning workbench](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/financial-planning-workbench.md)