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
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