In IBM® Marketing Operations, a
budget allows you to plan expenses that will occur as you execute your plan, program, or project. After setting the plan budget, you can fund linked programs, and ultimately projects, from it.
Marketing Operations tracks budgets of child programs and projects in the form of allocations, forecasted or committed spending, and actual expenses.
IBM® Marketing Operations tracks budgets of child programs and projects, although these objects can have different owners. For example, a program linked to a plan can have a different owner than the plan itself. As such, the person who allocates a budget from a plan down to a program can be different from the person forecasting expenses from a program up to a plan.
Marketing Operations allows a plan owner, a marketing manager for example, to track expected expenses from child programs and projects as well as the plan budget itself, and remain responsive to budgetary needs.
IBM® Marketing Operations keeps budget information for the current fiscal year, the next two fiscal years, and any past fiscal years dating back to when you first installed
Marketing Operations.
On the plan level, to view or edit a different fiscal year, change the Fiscal Year field value on the
Plan Summary tab. Linked programs and projects take the financial year from the parent plan; stand-alone programs and projects use the system's current fiscal year.
With IBM® Marketing Operations, you can break fiscal years into weeks, months, or quarters. When creating a plan, program, or project, choose the wanted increment from the
Budget Granularity list on the
Summary tab.
