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Budget Forcasting
With the new VUEWorks 2009 Budget Forecasting module you can:
- Create multi-year budget forecasts based on user defined condition curves.
- View how different budget scenarios impact the overall condition of any Asset Class.
- Select from risk and failure probability criteria to define how rehabilitation will be prioritized.
- Automate the assignment of rehabilitation jobs based on failure modes such as capacity and condition.
- Assign number of years to extend the life of an asset as well where it falls on the deterioration curve after a job is performed
- Share the same list of jobs used in the Projects Module
- Adjusts for inflation
The VUEWorks Budget Forecasting module delivers configurable multi-year capital improvement planning capabilities to help you determine your long term budget needs based on deterioration curves. Use one of the supplied deterioration curves or one of your own as a basis for your forecast. Using these curves you can identify at what point on the deterioration curve an asset should be rehabilitated or replaced based on Risk and Condition.
Use one of the built-in deterioration curves or use your own data
‘What-if' budget scenarios can be created by adjusting budgets, project types, and prioritization criteria. Using your criteria run the forecasting model to see if your budget is enough to meet your level of service goals. Great for presentations to stake holders. Use it to identify capital needs well ahead so you can adjust rates and budgets in a timely manner. Reports can be created to justify budgetary requirements or can be used to interactively highlight prioritized assets on the map in front of decision makers. Budget Forecasting is ideal for determining budgets for any class of asset including pavement, water, sewer, parks, and more.
Create budget scenarios by prioritizing jobs by costs
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