Budget Scenarios

Once you know how many employees need to take each training course, you can determine the total cost of those demands. Then you can compare the cost of the training demand to the proposed departmental training budget.

You can use the scenarios that are provided in PeopleSoft HR to help plan budgets, approve demands, and track and freeze budgets. You can define multiple scenarios.

Using budget scenarios, you can:

• Set the level of employee demand that you can afford during a budget period.

• Perform what-if analyses to determine the best budget plan.

• Simulate the effect of one plan against another.

• Activate the plan that best meets training demands and budgets.

  This plan defines the training plan for the related period.