Budget Tracking
Budget tracking is the ongoing comparison of actual energy spend against a planned budget, used to identify variances and inform financial planning.
Definition
Budget tracking compares actual energy expenditure against a planned budget over time, highlighting variances early enough to investigate and, where possible, correct course before year-end.
Why It Matters
Without regular tracking, budget variances are often only discovered at year-end, by which point there's little opportunity to respond.
How ecolyptus Helps
ecolyptus's cost dashboards support ongoing budget tracking against actual consumption and spend data.