We are pleased to announce the introduction of a new range of Budgeting solutions that enable Custom Period based Budgeting. While the most common period used will be the Planning Interval period, you also have the flexibility to choose any other custom period that aligns with your financial processes. This set of solutions forms the core component of Lean budgeting, although it currently does not include other elements of Lean budgeting.
The Budgeting by Custom Period solution in Apptio Targetprocess covers the following phases: setting Budget Targets, calculating Proposed Budgets, Approve Budgets and tracking Actuals. Still, it's done not on an Annual basis, but by a Custom Period.
The solution enables the structure of Period Budgets, which allows funding Work, People or Products and seeing the Proposed Budgets and Actuals for any of them.
It allows setting Portfolio Budget Targets and further Value Streams, Solution Trains, Agile Release Trains, Products or Portfolio Epics Budget Targets:
Define Proposed Budget based on ART Work Allocations, Estimate in Points, Negotiated Capacity (Percentage) and ART Cost per Point:
Approve the Budget based on the defined guardrails:
Track Actual Labor and Non-Labor Costs:
You can find the details of the solution in the Budgeting by Custom Period article and contact your account manager if you'd like to enable the solution on your account.