Hi All,
I am trying to understand the logic behind having Original and Remaining budget fields in Project Budget form. I can understand that Original budget model is used to capture the original value but what does remaining budget mean and what information does it store?
Also while importing the budget - Total appears by default in import budget screen, what is the difference between total budget and original budget?
Regards,
Nakul
Hi Nakul,
The remaining budget starts usually with the same qty and amount as the original one.
The main difference is that it is automatically reduced as transactions are posted.
This allows you identifying how much is left from the amount originally budgeted.
Best regards,
Ludwig
Hi Ludwig,
Thanks for explaination, by D365 Product design - If I am not using forecast functionality still I need to select Original and Remaining budgets under forecast model, also while importing the budget from WBS, system asks for a budget model, does system store Original, Remaining and Total budgets somwhere in backend?
I am not clear on the forecast model selection even if I am not using forecasting process.
Hi Nakul,
Many thanks for the screenprints.
The budget related forecast models are special and different from what I referred to before.
Its a bit related to the development of the project module and the things that were added later on, which makes things confusing.
If you open the forecast model form then you will find your Original and Remaining forecast model. They are forecast models but have the type 'Original budget' or 'Remaining budget' assigned in the field called 'budget type'.
Once you work with a WBS and transfer the values to your budget then you will have access to the tracking views that you can find in the control tab. Those view and the budget balance form that you can find in the same tab make use of the forecast-budget models and tell you what was originally budgeted and what is remaining.
Agree that the design and naming convention is a bit 'special' but hope that you got the idea how and what they are used for.
Best regards,
Ludwig
Thanks Ludwig for your response. I am clear on this point, but it sometimes beomes confusing even for clients to understand, I feel that nomenclature should be different for the models used for project budget
Hi nakul,
Fully agree. The nomenclature is very confusing especially the mix of forecast and budget and models.
Would be great if you could post a note on the dynamics experience forum to let MS know that this needs to be improved.
Many thanks,
Ludwig
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