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Budget Forecasting

25 Dec 2011 | Software

The Vueworks® Budget Forecasting module delivers configurable, multi-year capital improvement planning capabilities to help determine long term budget needs based on deterioration curves.

For multi-year capital improvement budget forecasts

The Vueworks® Budget Forecasting module delivers configurable, multi-year capital improvement planning capabilities to help determine long term budget needs based on deterioration curves. Use one of the supplied deterioration curves or one of your own as a basis for forecasting and then identify at what point on the deterioration curve an asset should be rehabilitated or replaced based on risk and condition. ‘What-if’ budget scenarios can be created by adjusting budgets, project types, and prioritization criteria; then run forecasting models to see if your budget will meet service level goals. PCI values can be used to determine the work activities and cost to maintain a roadway pavement surface condition that supports the needs of the community.

Features & Benefits

• View how different budget scenarios impact the overall condition of any asset class
• Select from risk and failure probability criteria to define how rehabilitation will be prioritized
• Automate the assignment of rehabilitation jobs based on failure modes such as capacity and condition
• Assign number of years to extend the life of an asset as well where it falls on the deterioration curve after a job is performed