Approve Budget/Forecast

Explanation

This activity may be done by the budget/forecast owner who approves the budget/forecast directly, or by using a pre-defined approval routing where individuals can approve the budget/forecast in parallel or in sequence.

A budget/forecast may be approved either from status Reviewed if no approval routing exists or from status Approval in Progress if approval steps have been defined on the approval routing linked with the budget/forecast.

Prerequisites

• Budget/forecast lines if defined must be confirmed prior to approval.
• The budget/forecast version must have the status Reviewed or Approval in Progress.
• If approval steps have been defined for the budget/forecast version they must be completed.
• If approval steps have been defined, the approval process cannot contain any steps with the status Rejected.

System Effects

The Status Approved is assigned to the budget/forecast version.

Window

Project Forecasts
Project Forecast Info

Related Window Descriptions

Project
Project Forecasts
Project Forecast Info

Procedure

Use the following procedure to approve a budget/forecast version:

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/forecast version that you want to set to Approved.
3. Right click, click Status and then click Approve.