Financial Management › Simple Budget Changes

Simple Budget Changes

The following changes were made to the Simple Budget for this release:

• Three new fields were added to the Financial Metrics section of the simple budget:
  • IRR (Internal Rate of Return)
  • MIRR (Modified Internal Rate of Return)
  • Planned Payback Period (in months)
• Four new fields were added to the Financial Metrics Options section:
  • Investment Rate
  • Initial Investment
  • Use System Rate for Total Cost of Capital
  • Use System Reinvestment Rate
• The following Simple Budget forecast fields were removed:
  • Forecasted Benefit
  • Forecasted Benefit Finish
  • Forecasted Benefit Start
  • Forecasted Breakeven
  • Forecasted Cost
  • Forecasted Cost Finish
  • Forecasted Cost Start
  • Forecasted NPV
  • Forecasted ROI
• The following fields were renamed:
  • Forecast equals Budget is now Budget equals Planned Values.
  • Calculate NPV is now Calculate Financial Metrics.

See the Financial Management User Guide for more information.

The Simple Budget page will be refreshed during the upgrade if it was not customized.

Upgrade action:

• If any of the user-defined process uses deprecated simple budget forecast attributes, the process definition is invalidated. Update the process definition to remove references to the deprecated attributes.
• If any custom portlets use simple budget forecast attributes, update the portlets to remove references to the deprecated attributes.
• If the investment budget view was customized prior to this release, new IRR/MIRR attributes will not display on an investment's budget page out-of-the-box. Reconfigure the investment budget view in Studio to add the new IRR/MIRR attributes.

  If the investment budget view was not customized, it is refreshed during the upgrade and the new out-of-the-box attributes are visible.