---
title: Create monetary benefit plans for your planning items in Portfolio Planning
description: Create and manage monetary benefit plans to capture the potential benefits while executing your planning items.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/it-business-management/portfolio-planning/fin-manage-monetary-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 planning items, Portfolio Planning, Strategic Portfolio Management]
---

# Create monetary benefit plans for your planning items in Portfolio Planning

Create and manage monetary benefit plans to capture the potential benefits while executing your planning items.

## Before you begin

-   [Enable monetary benefit plans for planning items](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-planning/enable-benefitplans-ppw-fin.md)
-   [Add monetary and non-monetary benefit plans related lists](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-planning/add-benefit-plans-planning-items-ppw-fin.md)
-   Role required: sn\_align\_ws.spw\_financial\_user

## About this task

\[Omitted video\] Description: Create and manage benefit plans

## Procedure

1.  Navigate to **Workspaces** > **Portfolio Planning Workspace** and select a planning item.

2.  From the list of portfolio plans, select a portfolio plan.

3.  From the Prioritization or Roadmap tab, select the planning item to create a monetary benefit plan.

    The full details page of the planning item is displayed.

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

<table id="choicetable_b1n_bmf_khc"><thead><tr><th align="left" id="d156935e125">

Option

</th><th align="left" id="d156935e128">

Procedure

</th></tr></thead><tbody><tr><td id="d156935e134">

**Using Monetary benefit plan related list**

</td><td>

1.  Select the **Monetary Benefit Plans** related list.
2.  Select **New**.


</td></tr><tr><td id="d156935e158">

**Using finanicals record page**

</td><td>

1.  Select the **Financials** tab.
2.  Select **New monetary benefit plan** using the More actions option.


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

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

6.  Select **Save**.


## Result

The newly created monetary benefit plan appears in the finanicals record page and in the monetary benefit plans related list.

## What to do next

-   [Edit monetary benefit plan](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-planning/fin-edit-monetary-benefit-plan-ppw.md).
-   [Capture actual monetary benefits](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-planning/fin-manage-actual-monetary-benefit-ppw.md).