Monitoring
The Monitoring feature allows you to track and compare actuals and forecasts against your budget to ensure alignment.
Since multiple budgeting processes can be created for an asset, you must select which budget to monitor. You can only choose budgeting processes where:
• The budget’s start date is earlier than or equal to the forecast’s start date.
• The budget’s end date is later than or equal to the forecast’s start date for the process where the asset is allocated.
This ensures accurate comparisons and alignment between your actuals, forecasts, and budget.
When you open the monitoring screen, the system automatically displays the latest budget that matches your forecast timeline. If no suitable budget is available, you’ll receive a message explaining why the screen is inaccessible.
You can select a different budget if needed, but only budgets aligned with the forecast are available for selection.
You can also choose to include an updated budget to reflect adjustments over time. However, this is optional, and you can decide not to include one.
The monitoring screen is available at the following levels:
• Process level: Select or deselect groups of assets by attributes such as location or sector.
• Asset level: Focus on budgets specific to an individual asset.
• Property level: Manage budgets tied to the main asset of a property.
You can view any deviations between your actuals, forecasts, and budget. Deviations are shown as amounts and percentages.