Transfer Budget
Explanation
This activity is used to transfer a budget amount from the Active Budget amount in one forecast line to another
forecast line. Budget transfer allows to transfer budget values among already available forecast lines without
affecting the total budget amount for the Forecast.
To transfer budget, select the forecast line from which the budget needs to be transferred and click the
Transfer Budget action command to open the Budget Transfer assistant.
For each transfer, a Budget Transfer Reason should be provided.
Active Budget amount available for a forecast line can be fully or partially transferred among one or more
forecast lines.
Prerequisites
- The EAC Workbench must be in In Progress status.
- The connected Project Forecast must be in Preliminary status.
- The Project should have an Active Budget.
- The forecast line from which the budget will be transferred should have an Active Budget value.
System Effects
- Budget Transfer column in EAC Workbench will be updated with the transferred value according to the transfer
direction in both transferred and received forecast lines.
- A new record will be created in the Budget Transfer Details page for the budget
transfer.
- Adjusted Budget This Forecast, Unplanned Cost, Estimated Future Commitment, EAC and ETC values will be
updated accordingly.