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Jakarta - Benefit Plans and Net Present Value (NPV)

Description:

This is video 5 of 5 demonstrating PPM functionality in the Jakarta version of ServiceNow.

 

This video demonstrates how benefits plans can be created on demands and projects and how NPV ( Net Present Value) is calculated on these entities.

 

 

Why was the feature created

Benefti Plans

To provide visibility into the expected financial benefit of investing in a demand or project

Required to support NPV (Net Present Value) and IRR (Internal Rate of Return) calculations.

 

What does it solve

Pre-Jakarta, financial benefits were recorded as a single value, while in reality benefits are typically realized over a period of time

Jakarta, benefit plans are a separate component of demands and projects, similar to cost plans

A project or demand can have one or more benefit plans, each with different time-spans, period values, and fiscal goals

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