In Industrial Equipment Manufacturing, you can create and maintain several versions of the budget. When a project is created, the first version of the project budget is automatically created.
Create and maintain project budget versions from the Project card. The project budget is the header for the project budget lines, which are linked to project tasks.
You can change the active budget version on the Project card.
The project budget card has the following fields:
Field | Description |
|---|---|
Project Budget No. | The number for the budget version. No. 001 is automatically created with the project. |
Description | The description for the budget. For version No. 001, automatically formatted with the date and the user ID that created the project. |
Active | Indicates which version is active (Yes). |
Forecasting | Forecasts are based on and maintained from budgets. For more information, see Forecasting. |
Steps - Create a budget version
To create a new budget version, select the Create New action from the ribbon and complete the wizard pages as follows:
Page 1
From which budget do you want to copy?: Select a budget version from the drop-down list.
Describe your budget: Automatically formatted with the date and user ID, but you can modify it.
Activate the budget when I click Finish?: When set to true, the new budget automatically becomes the active one.
This budget will be used for forecasting: When set to true, you can calculate forecasts for this budget.
Click Next to go to the next page or Finish to create the new budget version.
Page 2
Update Costs: When set to true, the current costs are retrieved in the project budget lines for items and resources.
Update Prices: When set to true, the current prices are retrieved in the project budget lines for items and resources.
Click Back to return to the previous page or Finish to create the new budget version.