Finances

Budget

Each Initiative/Release can have a Budget. This Budget is made of Budget lines that can be:

  • Either OPEX or CAPEX
  • May be part of a Budget Bucket

A Budget Bucket is simply an “amount of money” (most of the time, it's a department yearly Budget or portfolio Budget) that can be used by the Budget of the Initiatives/Releases.

Forecast

To measure the financial performance of an Initiative, the Budget is compared to a Forecast. A Forecast is made of Work Orders than can be:

  • Either not yet engaged: they are named “Costs to complete”
  • Already engaged (e.g. a commitment has been given or/and invoices already paid)