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Budget

Budget is the annual capital treatment funding allocation for the asset group during the analysis period. Using the currently allocated budget, Predictor will predict the best possible future service levels for this predetermined budget.
Alternatively, an organisation can use the budget setting and the optimum budget to maintain the asset group at the desired service level. This is obtained by carrying out asset optimisation before the simulation. This budget prediction option is shown in the Optimisation section. Increased or reduced funding can be introduced to analyse the effect on long-term asset performance.

 

Click on the Budget tab. The following screen will appear.

• Maximum Bound: The Maximum Bound provides budget guidance on what would be the maximum budget users may need to allocate in a worst-case scenario. The value provided is assuming each and every asset will need to undergo the most expensive treatment in any given year. The Maximum Bound feature takes into account Unit Cost Variations.
• Budget Check: Budget Check validates the allocated budget and budget distribution and provides the user with a list of assets with zero possibility of getting a specific treatment. Budget Check takes into account Unit Cost Variations.
• Fill Down: The Fill Down button takes the budget in the selected year and applies it as the budget for all years below.
• Fill all with Inflation: The Fill all with Inflation button takes the budget in the first year and sets the budget for all subsequent years based on that value plus the inflation factor, as set during Strategy Setup.

Budget Import and Export

 

By right-clicking on the Budget screen, users are able to import or export their budget configuration. To import, users must paste in a copied table of years and budget values, separated by tabs. This can be copied from an Excel table, and is the same format as the XLS or XLSX export of a budget.