Companies may leverage Unanet forecasting features for bottom-up corporate budgeting. Person level and ODC level Budgets (or plans) may be created on direct and indirect projects. Certain individuals (perhaps Managers) are responsible for creating initial yearly budgets. These yearly budgets may be made against individual real projects or against dummy budget-only projects. Once approved outside Unanet, these annual budgets for the upcoming fiscal year can be locked. Then on a periodic basis (monthly or quarterly, for example), authorized individuals have the opportunity to update their anticipated work hours/expenses on projects for the balance of the year. These anticipated hours/expense are aggregated across the organization to feed into the corporate budget and forecast. The locking process creates an active copy of the initial annual plan which will be the base for quarterly or monthly re-forecasting to get the updated corporate budgets throughout the fiscal year.
Modified on: Mon, 11 Jun, 2018 at 2:55 PM
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