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Performance Based Budgeting

Budgeting for Government

Business Objects provides an integrated performance management solution that offers all the methodologies required for both the planning and execution phases of performance based budgeting. Government appropriations are under increasing scrutiny. The programs and projects that demonstrate efficient performance in attaining measurable results are more likely to receive funding. Agencies and programs unable to comply are vulnerable to cutbacks.

In order to meet these demanding requirements, government agencies must re-examine their planning and budgeting processes and the tools that support them. Comparing total program benefits and total program costs using quantitative, objective data will become the norm.

Time consuming planning and budgeting processes that focus only on the consolidation of line item expenses are unlikely to make the grade. Budgets will need to be quickly and regularly updated, collating financial and non-financial data from ledgers and transactional systems as well as non-system data from disparate contributors at remote offices.

Planning and Budgeting Solutions

A robust budgeting solution will include business modeling (easily linking inputs and outputs to outcomes), scenario planning as well as integrated ABC/M (Activity-Based Costing / Management) capabilities. Working towards performance based budgeting is an iterative process that starts by addressing today’s pain points where your needs are greatest and where you require immediate results.

With different missions and structures, no two agencies will have the same priorities. Although there are some essential steps in preparing budgets, such as formulation and publication, there are many different flavors of planning and budgeting.

• Traditional budgeting with simple line item consolidation by object classes and variance reporting.
• Driver-based budgeting where simple business rules are developed to model relationships between demands, resource requirements and object classes. Driver based budgeting makes it easy to re-forecast more frequently and encourages managers to collaborate and align resources.
• Scenario planning that goes beyond simple financials and include a comprehensive operational perspective.
• Capacity management, comparing the amount of resource actually required with the amount available.

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