When is approval required if the "plans must be approved by" preference is enabled?

The preference indicating that "plans must be approved by" means that any changes or new entries related to performance plans necessitate approval to ensure alignment with organizational standards and procedures. This would typically include the creation of new plans which need to be vetted to ensure compliance with expectations and guidelines.

Furthermore, when editing a previously approved plan, it is critical to seek approval again, as modifications may alter the intent and structure of the plan significantly. Lastly, if a plan is canceled, this action usually requires approval as well since it can impact ongoing evaluations and performance assessments.

Therefore, approval is an encompassing requirement during the processes of creating a new plan, editing an existing one, and canceling a plan, ensuring all transitions regarding performance management are formally sanctioned.