How many budget years is the software designed to accommodate?
A. Each project is deliberately limited to a single fiscal year (any 12 consecutive calendar months). The reason for this is two-fold: 1. Most organizations’ budget planning is based on a 12-month fiscal period. Even organizations that utilize Capital Budgeting and Capital Fund Accounting for large-scale, multi-year projects (e.g., bridge construction) generally revisit budgets on an annual basis. 2. The current trend in IT / IS project planning is to break large-scale, long-term (i.e., multi-year) projects into smaller, more manageable and controllable components. If you do need to plan and estimate the costs of a project that will span several fiscal years, FAST Planner for IT will require that you create a separate plan and cost estimate for each of the fiscal years. You can create project plans and estimates for as many years into the future as you wish. This will help you determine, and report on, how much you think you might do and how much you might spend in each of those years.
