Capital Projects / Capital Budgeting

Evaluate (Process Overview)

Optionally, you can use the Evaluate process to create and evaluate funding scenarios to help you decide how to allocate funds. Funding scenarios that you decide to implement can be copied to allocations. See Allocating Funds.

For a description of the Capital Budgeting workflow, see Capital Budgeting Overview.

Procedure

To create a funding scenario, you work through the following tasks:

  1. Define your funding sources.  Funding sources are required when creating funding scenarios and when allocating funding to approved projects. For more information, see Entering Funding Sources.
  2. Create scenarios by entering Scenario Codes. See Creating Funding Scenarios.
  3. Enter costs for scenarios using the Plan Scenario Costs task. When entering costs, you first review baseline costs, which are based on the baseline estimates that you defined for your action items. You then define the scenario costs for each fiscal year. See Creating Funding Scenarios.
  4. Evaluate your funding scenarios by viewing all funding allocation information for a selected scenario. For more information, see the Evaluate Scenario Funding topic.
  5. Review scenarios by funding source. Select a funding source to see the scenarios that are associated with it. Export the scenario items to Excel or generate a report. See Review Scenario Costs for One Funding Source.

After determining which funding scenario best suits your business objectives, you can use the Allocate process to apply a funding scenario to your funding allocations for an approved project. When you apply a funding scenario, you are applying the scenario costs that you have defined for a scenario. For more information on applying a funding scenario to a funding allocation, see Allocating Funding.