We have understood very clearly that Planning is tracked with the help of a basic unit, that is, Planning Unit, which is a combination of Scenario, Version, Entity, and Secondary dimension. Now, this Planning Unit has to move from one owner/reviewer to the other and finally needs to get its approval. We'll learn about all the different states of a Planning Unit in its journey in a Workflow and what actions need to be performed to move from one state to another. We know the final destination, the Planning Unit needs to get 'Approved'. With that strong goal statement, let us start with Planning unit states.
Before we start, we need to recall the three process management templates:
Free-form budgeting
Bottom-up budgeting
Distributed budgeting
These templates indirectly influence the states and actions of a Planning Unit. We'll start with free-form budgeting in the next section.