| # Maintain Budget Data A project manager requires flexibility for projects that are executed over an extended period of time, for example, in the A&D industry. This flexibility allows the project manager to modify the budget at the cost component or the control code level in the BI tool. The Maintain Budget option allows you to modify and maintain the budget transactions and the inprocess budget in the following panes: Maintain Budget Version Generate Inprocess Budget Maintain Inprocess budget by Project / Activity / Control Code Maintain Inprocess budget by Project / Activity / Cost Component Approve Budget Version Display Inprocess Budget Maintain and approve budgets The process to approve the budget: Budget data from LN is transferred to the BI as the Inprocess budget. If the inprocess budget is not approved, the data cannot be used for reporting and the budget in the reports is shown as '0'. The user can manually modify or add new budget lines to the Inprocess budget. The user can maintain the budget data at two levels: Project / Activity / Control Code Project / Activity / Cost Component The user can view the Inprocess budget report in the Display Inprocess Budget pane and approve the inprocess budget using the Approve Inprocess Budget pane. Note The user can modify the budget data either by using the budget data from LN or by using the last approved budget data in the BI tool. |