Publishing a budget makes it available for tracking, and reporting. Once a budget is created, reviewed, and approved, it must be published to finalize the allocations.
A Budget Process Owner can publish an approved budget and make it available as a baseline for variance calculations of planned and actual spend.
Set as Baseline Budget
After approving the budget, you will be given the option to Set as Baseline Budget by clicking on the three dots menu. This pushes the approved budget into the YäRKEN spend model and will be available for reporting.
When a new budget is published, it completely replaces the existing baseline budget for that year.
Note that at this stage, actual spend and budget share the same spend model. This means that Towers and Cost Pools that have been planned during the planning phase will be replaced with the Spend Model that is configured for the month in YäRKEN.