To approve a budget and set it as a baseline in Tempo for Server

You can approve planned costs and revenues to help you track their evolution. Approving a budget sets it as a baseline, storing it for future reference. A baseline is a point of comparison or a benchmark. You can create multiple baselines, so you can compare and contrast various planning scenarios and approve the one that best suits your budget. Once a budget has been approved, you can always switch back to draft mode to continue editing it. The latest baseline is used for all calculations throughout the folio, from the financial information and health indices displayed in the Overview, to the forecasts and reports.

To approve a budget and set it as a baseline in Tempo Budgets for Server you must be the Folio Owner or be an Administrator for the folio:

  1. From the Tempo menu, click the folio you want to open. If you don't see the folio you are looking for, click more..., and then find it on the Manage Portfolios page.
  2. Open the Costs or Revenues tab, and then click Planned on the left.
  3. In the top-right corner of the folio, click Approve.
  4. Enter information about the baseline:
    1. Name – the name of the baseline. Each baseline must have a unique name.
    2. Approved By – the name of the user who will approve the baseline.
    3. Description – a detailed description of the baseline.
  5. Click Save. The view is switched to Baseline mode and the budget cannot be edited.