Enter Operational Budget—Exercises

Main Exercise

Purpose: The purpose of this lesson is to learn how to enter an operational budget and enter values that reflects seasonal variation is traffic load.

Create an Operational Budget

Purpose: The purpose of this lesson is to learn how to enter an operational budget. An operational budget is to be created per owner and vehicle type. In this exercise you will act as the owner of a fleet of 2 aircrafts. Serial Numbers, Vehicle Number and Owner Code are identified by using your student number "n" according to the table.

Part Number Serial Number Vehicle ID Owner Org.
X747-900 nX20000 nTN-1 HQn
X747-900 nX21000 nTN-2 HQn

According to the exercise below, this is the final budget that you are going to register:

Vehicle
ID		 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  Year
Total
nTN-1 180 240 200 200 200 240 240 200 200 200 180 180 2460
nTN-2 180 120 200 200 200 240 240 200 200 200 180 180 2340
TOTAL 360 360 400 400 400 480 480 400 400 400 360 360 4800

Prerequisites: General knowledge to IFS/Applications

Windows:
Operational Budget

  1. Open the Operational Budget window.
  2. Create a new record, select Part Number X747-900 and your Owner Org. HQn.
  3. Enter a Budget Value for the next year. A reasonable budget value for the two aircrafts would be 5000 flight hours (FHR).
  4. Save (F12).
  5. Click the Budget Month tab and look at the distributed values.
  6. A budget review concludes with a slight reduction to 4800 hours. Register and save this new Budget Value.
  7. Right-click and click Redistribute Year to update the monthly values as well.
  8. The predicted traffic plan shows a low season during the winter and a high season during  the summer. Values for January, February, November and December should be reduced to 360 flight hours and budget for June and July should be increased to 480 flying hours per month. Total flying hours for the year should still be 4800. Modify according to this.
  9. Save (F12).
  10. Click the Vehicles tab and look at the figures. Right-click in the window's header and click Redistribute Year to perform an update.
  11. The Vehicle Number nTN2 has to undergo a major maintenance check in February. Therefore, reduce February value for this aircraft to only 120 flight hours. The difference of 60 hours for February has to be absorbed by the rest of the fleet during the same month. Add these hours to the other aircraft.
  12. Save (F12).

Note:  There are several conditions to be met to be able to approve your budget. Summarizing months value should give the exact figure for the year total, and the monthly distribution for the entire fleet must equal the actual month value. 

  1. Click the Budget Month tab. Select one or more months, right-click and click Approve. Repeat the same for the remaining months.
  2. Finally, right-click in the window's header and click  Approve to approve the total budget.

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