Project Budget Versions

In IEM you can create and maintain multiple versions of the budget, When a Project is created automatically the first version for a Project Budget is created.

Project Budget Versions are created and maintained from the Project card. The Project Budgetis the header for the Project Budget Lines which are linked to Project Tasks.

You can change the active budget version on the ProjectCard.

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 Forecasting

Create a new budget version

To create a new budget version use the Create New action from the ribbon and complete the wizard page(s) as follows:

Page 1

  1. From which budget do you want to copy?: Select a budget version from the drop down list.
  2. Describe your budget: Will be automatically formatted with the date and user ID but can be modified.
  3. Activate the budget when I click Finish?: When set to true the new budget will be automatically the active one
  4. This budget will be used for Forecasting: When set to true you can calculate Forecasts for this budget

Click Next for the Next page or Finish to create the new budget version

Page 2

  1. Update Costs: When set to true the program will retrieve the current costs in the Project BudgetLines for items and resources
  2. Update Prices: When set to true the program will retrieve the current prices in the Project BudgetLines for items and resources

Click Back for the Previous page or Finish to create the new budget version

See Also

Budgeting