Set as Active Budget

Explanation

This activity is used to set a budget version as the active budget. Only one budget version of all the budgets/forecasts defined on a project can be set as the active budget of that project. This budget can then be used to regulate that the project is financially controlled according to the costs defined on its budget line or the budget control rules defined against the project. Each time a budget is set on an approved budget version it will override any previously defined budget.

Prerequisites

• The budget type of the budget version to be set as budget should have the Set As Budget option enabled for it.
• The budget version to be set as the active budget should be approved.

System Effects

The Active Budget check box on the budget version will automatically be selected.

Window

Project Forecasts
Project Forecast Info

Related Window Descriptions

Project Forecasts
Project Forecast Info

Procedure

Use the following procedure to set a budget version as the active budget:

1. Open the Project window and right click and select the Project Forecasts menu option, which will open the the Project Forecasts window with the related forecasts for the project. You can also open up the Project Forecasts or Project Forecast Info window to perform this activity.
2. Query for the budget version that you want to set as the active budget.
3. Right click, click Status and then click Set As Budget.