Project Budget

Use Budgeting to perform budget-related tasks and to retrieve budget-related data. You can view and maintain budgeting information such as the bottom up budget, budget adjustments, control data, purchase budgets, top down budget, time phased budget and budget cost analysis.

• Prioritize Service or Project Assignments

  You can prevent planning of project related activities (assignments) both by Service and Project using the Project Assignments for Service Related Activities option. Using this option, project related assignments can be executed using Service and Project functionality. If this check box is cleared, the project related assignments are executed by Service. Creating assignments using the Project functionality is blocked.

• Include Final Versions

  LN also includes versions with the Status set to Final during the deletion of the versions.

• Service Related Budget Lines

  The quantity, unit, rate/ price and the budget date can be changed on the Activity Budget Lines that are linked to Service. You can modify the data only if the budget lines are yet to be transferred to Service.

• Traceability of all Changes in Budget History

  Update all changes as in normal History Logging: not reflect the previous state but the last change as such.

• Budget Based on Reference Activity

  You can modify the budget information created based on the reference activity, as defined in Service. This option is enabled based on a Budget Parameter in Project. If changes are allowed, for example, the quantity can be changed for the Service related budget line. The modified information is used when service order (activity) is generated.

• Resource Assignments

  New options are added to the assignments to start and complete the assignment. The planned duration of the assignments is also displayed.

• Improvements in Budget Adjustments

  The budget adjustment lines can be finalized or reverted based on the implementation of the electronic signature. An option is also added to the budget adjustment to indicate if the budget adjustment line is Final.

• Time Phased Budget for Top Down Budget Versions

  A new option is added to the top down budget version to indicate if a time phased budget is available for the version. Infor LN also allows to select if the time phased budget is to be generated or inserted manually (or imported). When the time phased budget is set to Manual:

  • The Planned value amounts can be manually specified
  • The Planned value amounts can be imported through Excel
  • An overhead amount is allowed
  • In performance measurement, planned values are based on the time-phased budget

• Only include Activities with Budget

  Infor LN allows the user to skip the activities with no bottom up budget while generating structure and top down budget.

• Planning Factor for Budget line

  The Planning Factor functionality in the Activity Budget enables you to display the labor and labor lines with the number of resources linked to the budget line, that are expected to work. The value is defaulted from the project tasks that are linked to the budget lines. This value is used in the Resource Management workbench for planning and assignment of resources.