Budgeting

Budgeting

The Budgeting module projects refresh costs so your organization can plan future spending. It can feel overwhelming at first — stick with it, because it’s worth it.

Budget Scenarios Overview

Budget Scenarios project future budgetary needs from a set of assumptions. Once you set those assumptions, a scenario produces a projected budget. The assumptions come from two sources:

• Asset Class service durations — the life expectancy you’ve defined for each Asset Class (see the Asset Classes and Service Duration article).
• Replacement Cost Models — the expected replacement cost per Asset Class, created and edited on the Cost Models tab.

Before You Build a Scenario

Set your Asset Class service durations and build at least one Replacement Cost Model first. With those in place, you can create a Budget Scenario. See the Budgeting Cost Models and Budgeting Scenario articles for the next steps.

Common Questions

What does Budgeting project?
Future refresh costs based on how long each Asset Class lasts and what it costs to replace.

What do I need before building a scenario?
Asset Class service durations set, and at least one Replacement Cost Model.

Where do service durations come from?
From your Asset Classes; each class defines a life expectancy.

Can I model different assumptions?
Yes — build multiple Cost Models and multiple Scenarios to compare.