Financial Strategy - Budget Distribution

NOTE  Objective: Learn how to use the Budget Distribution functionality at a Financial Strategy level in Brightly Predictor.

A budget is the annual capital treatment funding allocation for the asset group during the analysis period. Using the currently allocated budget, and subject to the constraints configured, Predictor will predict the best possible future service levels for this predetermined budget.

 

To configure the Budget Distribution,  open a Financial Strategy under the 'Financial Strategy' section of the 'Model' tab, then click on the 'Budget Distribution' option from the sidebar menu.

 

 

Here, users can configure the overall Budget for each year.

• 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.
• Fill Down: The Fill Down button takes the budget in the selected year and applies it as the budget for all years below.
• Fill With Inflation: The Fill 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 set during the Financial Strategy Setup.