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Color Code: Green
Created By: Brandon Moore
Created Date/Time: 7/31/2015 4:33 pm
Action Status: Blank (new)
Show On The Web: Yes - (public)
Priority: 0
Finished/Done: No - (open)
Finished/Done By: ...
Budgeted/Estimated Value: 20,000.00 Dollars
Actual/Real Value: 0.00 Dollars [donate]
General Amount: $0.00
Time Id: 1200
Template/Type: Community Funded Projects
Title/Caption: Real-Time Budgeting & Forecasting - Sub of Elements of Time
Start Date: 7/31/2015
Total Time: 0.00 Minutes
Target/Due Date: N/A
Main Status: Active

Sorry, no photos available for this element of time.

People are wanting more and more options to budget and/or forecast per project, per week, per month, per year, etc. We have even had people asking for budgeting options per person, per day, etc. Basically, the older long term budgets are starting to see the advantages of allowing smaller increments and more measureable outcomes.

Most traditional budgets have been on a monthly, quarterly, semi-annual, or annual basis. What we are seeing is people want smaller, quicker, and more real-time budgeting options. This may require options for watchers, feeders, and just in time calculations. In order to do that, you have to have the data in the system.

Our proposal would be a sub of elements of time. This would allow you to show budgeted or estimated values (hours, weeks, dollars, quantities, etc.). Then as things get budgeted, estimated, or expected, we could help by tracking the actual or real time values that match-up with the budgeted values. We could use budget frequencies, budget types, and populate things with real-time data. Anyways, some cool ideas are coming down the pipeline. The key is real-time numbers, values, math, and comparisons. Where am I at and how am I doing? Even on a sub level or smaller goal based level. Good stuff!