Project Budget approval based on variation between Planned Budget Amount and Actual Budget Amount
SummaryProject Budget approval based on variation between Planned Budget Amount and Actual Budget Amount
We have a requirement to create two financial Plan type i.e. two budgets at the project level.First Budget will have the amount i.e. what is initially planned for that particular project suppose 60000 AED.Second budget will have the amount which will be for the cost control that will have actual budget created at the project level suppose the budget amount is 50000 AED.So, there is a requirement where customer wants to send the budget for approval based on the variation between Initial Planned budget amount and actual budgeted amount i.e. in this case as the variation is ((60000-50000)/60000) 20%(0 to 20%) it will go to certain set of people for approval if variation is (21% to 30%) then it will go to certain other set of people.