---
title: Create a monetary benefit plan for a demand
description: Create and manage monetary benefit plans to track potential monetary benefits during demand execution.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/it-business-management/portfolio-planning/create-and-manage-benefit-plans-ppw.html
release: australia
product: Portfolio Planning
classification: portfolio-planning
topic_type: task
last_updated: "2026-03-12"
reading_time_minutes: 1
breadcrumb: [Manage financials for demands, Use, Next Experience for Demand Management in Portfolio Planning, Portfolio Planning, Strategic Portfolio Management]
---

# Create a monetary benefit plan for a demand

Create and manage monetary benefit plans to track potential monetary benefits during demand execution.

## Before you begin

Enable the monetary benefit plans for demands. For more information, see [Enable financial budget allocation for demands](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-planning/enable-financial-budget-allocation-for-demands-ppw.md).

Role required: it\_demand\_manager

## About this task

The monetary benefit plan breakdown records are automatically created when you save the benefit plan. The monetary benefit plan breakdown records specify the estimated and actual benefits at a granular level for specific fiscal periods, such as FY16: M04 and FY16: M05. The **Monetary Benefit Plan Breakdowns** tab shows the aggregated benefits for estimated and actual benefits for each fiscal period for the demand.

**Note:** Converting a demand to a project or EAP entity transfers the benefit plan from the demand to the target project or EAP entity.

## Procedure

1.  Navigate to **Workspaces** > **Portfolio Planning Workspace**.

2.  Select the Demands icon \[Omitted image "demands-icon.png"\].

3.  Open a demand from the **List** page.

4.  Create a monetary benefit plan using one of the following options.

<table id="choicetable_b1n_bmf_khc"><thead><tr><th align="left" id="d85655e131">

Option

</th><th align="left" id="d85655e134">

Procedure

</th></tr></thead><tbody><tr><td id="d85655e140">

**Using the __Monetary Benefit Plans__ tab**

</td><td>

1.  Select **Details** from the navigation menu.
2.  Select the **Monetary Benefit Plans** tab.

**Note:** If the **Monetary Benefit Plans** tab isn't visible, select **More** &gt; **Monetary Benefit Plans**.

3.  Select **New**.


</td></tr><tr><td id="d85655e187">

**Using the __Financials__ page**

</td><td>

1.  Select **Financials** from the navigation menu.
2.  Select **New monetary benefit plan** from the More actions menu.


</td></tr></tbody>
</table>5.  On the Benefit Plan form, complete the fields.

    For a description of the field names, see [Monetary benefit plan form](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-planning/monetary-benefit-plan-form-ppw.md).

6.  Select **Save**.