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Budget Monitoring

Budget monitoring involves tracking assigned and used funds for projects over time, calculating remaining balances, and summarizing financial trends to support informed decision-making.

Financial ServicesAutomationDataviz & Data AppsData Transformation
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Workflow
70%
budget monitoring workflow

How This Workflow Works

This workflow calculates the remaining budget for each of eleven projects across three years, then summarizes and visualizes assigned, used, and remaining funds both at the project and overall level in a data app.

Key Features:

  • Calculate remaining funds for each project and year
  • Summarize total assigned, used, and remaining money across all projects and years
  • Enable interactive selection to review budget details for individual projects
  • Visualize budget trends and category breakdowns over multiple years

Step-by-step:

1. Calculate Remaining Budgets:

The workflow computes the remaining funds for each project by subtracting used amounts from assigned amounts for each year. This calculation provides a clear view of how much budget is left per project annually.

2. Summarize and Aggregate Budget Data:

It aggregates the assigned, used, and remaining funds across all projects and years. These summaries allow users to see overall financial trends and totals, supporting high-level budget analysis.

3. Enable Interactive Project Analysis:

Users can select a specific project to view its assigned, used, and remaining funds by year. This interactive feature helps stakeholders drill down into the financial details of individual projects.

4. Visualize and Share Insights:

The workflow presents the summarized and project-specific budget data in charts and tables within a data app. These visualizations make it easier to identify trends, compare categories, and communicate findings to others.

How to Get Started