Kyndryl defines two types of budgets,

Control budgets

and

Operating budgets

.

Control budgets

are budgets based on individual projects. To create a Control budget in Kyndryl, you need to create a tag for the project you want to define. One Budgetary Unit needs to be created for the entire project. Budgetary Units need to be associated to the Budgetary Unit of the project tag and set the budget term to custom and associate the budget term to the project.

A budget can then be added to the Budgetary Unit. The start and end dates of the budget can be set by selecting custom and entering the start and end date of the project.

Example of a control budget

In the following example, a Control budget exists in an external application that handles funding for a project named

Example.

The project has a total budget of USD 1,000 and is scheduled to start January 2022 and complete September of 2022.

Budgetary Unit

Field	Value
Name	ExampleBudgetUnit
Budget Unit Identifier	ExBudgetUnit
Description	This is a budget for the Example Project
External Reference ID	ex123
Associated business entity	Tag: Example
Budget Term	customStatus:Active

Budget

Field	Value
Name	Example Budget
Status	Active
External Reference Id	Exbudget
Soft Quota Status	Percentage: 20
Hard Quota Status	Percentage: 40
Notify When Soft Quota Reached	[email protected]
Notify When Hard Quota Reached	[email protected]
Budget Amount	1000
Start Period	202201
End Period	202209

An

operating budget

is the complete budget for a specified amount of time. To create an Operating budget, you need to first create a tag that best matches the approval policies of your organization. Then, you must create a Budgetary Unit and assign the context to the Budgetary Unit. The term of the budget needs to be set to predefined. The last step is to create many budgets for the Budgetary Unit based on your companies default budget interval length.

Example of an operating budget

In the following example, an Operating budget exists in an external application that handles funding for a specific company. The company has a budget of USD 50,000 quarterly. This budget begins in January 2022 and lasts the first quarter.

Budgetary Unit

Field	Value
Name	CompanyBudgetUnit
Budget Unit Identifier	CoBudgetunit
Description	This is a budget for the first quarter.
External Reference Id	ex123
Associated business entity	Tag: Company
Budget Term	Quarterly

Budget

Field	Value
Name	FirstquarterZ
Status	Active
External Reference Id	qrt1_2022
Soft Quota Status	Percentage:10
Hard Quota Status	Percentage:20
Notify When Soft Quota Reached	[email protected]
Notify When Hard Quota Reached	[email protected]
Budget Amount	50000
Start Period	202201
End Period	202203