Defining budgets
Each unique combination of (sub) project and (sub) cost group can be assigned to one budget only. When budgets are added they are assigned the Initial status.
You can only deduct amounts from budgets if they are assigned the Open status. Budgets can only be opened if the status of the corresponding project is set to In progress.
The status flow of budgets is very strict: it is not allowed to change the status of the budget to its preceding status. Once the budget is assigned the Open status, you can no longer delete it, nor is it possible to update closed budgets.
To add a budget, proceed as follows:
Procedure
1. In the Budget categories selection level select the budget category to which you want to add a budget.
2. Go to the Budgets selection level.
3. From the action menu, select Add CapEx budgets/Add OpEx budgets.
4. Complete the fields in the data section.
5. Click Save.
6. A new budget is added.