---
title: Project and portfolio funding
description: Specify the amount of money that projects and portfolios are allowed to have.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/it-business-management/project-management/c\_ProjectAndPortfolioFunding.html
release: australia
product: Project Management
classification: project-management
topic_type: concept
last_updated: "2026-03-12"
reading_time_minutes: 2
breadcrumb: [Basics of Project Management, Exploring Project Management, Project Management, Project Portfolio Management, Strategic Portfolio Management]
---

# Project and portfolio funding

Specify the amount of money that projects and portfolios are allowed to have.

You can fund projects and portfolios when you activate PPM Standard with Financials.

The funding process follows these steps:

1.  Identify the costs for time, such as a financial year, by creating cost plans at the project or demand level. These costs roll up to the portfolio Cost Plans related list. Cost plans automatically include cost plan breakdowns for each fiscal period. See [Create a project cost plan](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/project-management/t_CreateAProjectCostPlan.md) and [Create a demand cost plan](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/demand-management/t_CreateADemandCostPlan.md).
2.  Enter the target cost values for operational and capital expenses for the portfolio. See [Create a portfolio](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-management/t_CreateAPortfolio.md).
3.  Create budget plans for the projects in your portfolio and promote the plans to forecasts.

**Parent Topic:**[Basics of Project Management](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/project-management/c_ProjectTasks.md)

**Related topics**  


[Parent-child rollup task calculations]()

[Project tasks]()

[Schedule conflicts between project tasks]()

[Change requests and project tasks]()

[Project task checklists]()

[Task resources]()

[Project and project task states]()

[Composite Fields]()

[Cost plan breakdown]()

[Actual project costs]()

[Types of external dependencies]()

[Project scheduling in Project Management]()