Tempo Budgets 11.1 Release Highlights: Enterprise-Grade Portfolio Overview

See it in action!
Attend a short live demo where we’ll introduce the new features and answer your questions. Or simply register to receive a recording that you can watch at your convenience.

 

This week, we’ll proudly be unveiling Tempo Budgets 11.1. This version offers you an enterprise-grade portfolio overview with enhanced search performance, advanced filtering capabilities, and customizable columns.

This release also has a tighter integration with Tempo Timesheets components, which provides more automation when tracking costs and revenues.

 

Fun facts:

42% of portfolios are comprised of more than 100 projects. So it comes as no surprise that 62% of project managers say that enhancing their dashboard tools is a top priority.

This is why Tempo Budgets 11.1 is equipped with an enterprise-grade portfolio dashboard that brings you the clear visibility that you need!

Enhanced manage screen delivering speed, searchability and customizability.

First, the search performance of the manage portfolios page has been dramatically improved – by a factor 30 – to ensure speedy navigation across large project portfolios.

Second, the filter function has undergone a major upgrade – to work much like your usual filters in JIRA. You can now build advanced filters that use multiple fields at the same time – where multiple options can be selected for each specific field.

Finally, it is now possible to create custom fields to define for your folios. These custom fields can be added to the overview – as columns – and they can be used in your filters as well.

Side note: you can switch between the List and Timeline views without losing your filter.

Tempo Budgets - New overview with advanced filters

Figure 1: The new manage portfolios page displays ‘Country’ as a custom column, where an advanced filter is applied to find folios in the US or Canada, of which the status is either ‘Executing’ or ‘Expired’.

Tighter integration for more automation.
Thanks to a tighter integration between Tempo Timesheets and Tempo Budgets, the tracking of actual costs and revenues is more automated – so that you can make the most of the Tempo suite.

Automatic reporting of fixed costs from issues.

Tempo Budgets now pulls the fixed expenses reported in issues associated with your folio. In other words, when fixed expenses are added to an issue that belongs to the scope of a folio, that expense will be automatically reflected in the actual costs of the folio.

If the expense reported in the issue is in a different currency than the folio, the currency conversion will be done automatically. As always, you maintain absolute control over the applicable exchange rates.

What’s more, if the issue is associated with a Tempo Account that is capitalized, the associated fixed expenses will also be reflected as capital expenditures in Tempo Budgets.

Integration with Tempo Timesheets issue expenses

Figure 2: On the left, an issue linked to a capitalized account that contains fixed expenses in US dollars. On the right, these expenses are converted to Canadian dollars and presented in the capitalized expenditures of the folio – because the issue belongs to the scope of this folio, which is in Canadian dollars. All information about the expense are presented in the panel on the right.

Automatic access to accurate hour rates.

In Tempo Timesheets, you have the possibility to create custom price tables, which define an hourly rate for each role in your teams. It is now possible to link a price table to a folio. That way, when you enter revenue for your project, the hourly rate associated with the team member will be automatically entered for you.  

Side note: you can always overwrite the hour rate, if necessary.

Integration with Tempo Timesheets price tables

Figure 3: On the left, we see the custom price table that has been linked to the folio, which defines an hourly rate of $35 for a developer. On the right, we see that the actual revenue that has been reported uses the associated rate of $35 for the developers. The details are available on the right panel, where adjustments can be made.

Always at your service :)

Based on your valued customer feedback, other changes in this version include improved user interface and labels. And back by popular demand, you will notice the return of the ‘Planned versus Actual’ panel in the overview.

Figure 4: ‘Planned versus Actual’ panel in the folio dashboard. Based on your configuration, this can include a tab for costs, revenue and profit.

Figure 4: ‘Planned versus Actual’ panel in the folio dashboard. Based on your configuration, this can include a tab for costs, revenue and profit.

Statistics sources:

  1. Price Waterhouse Coopers, 2012. Insights and Trends: Current Programme and Project Management Practices 2012.
  2. PM Solutions Research, 2013. The State of Project Portfolio Management (PPM) 2013.

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Davy Bour
Davy is Product Marketing Manager for Tempo Budgets and also heads up initiatives to support our channel partners. Based out of our Montreal office, Davy is currently mostly focused on surviving the winter.

8 Responses

  1. Ryan Harris says:

    Can you send me a recording of the webinar recording?

    Thanks,
    Ryan

  2. Antoine says:

    When does tempo budget will be available for Cloud ?
    Tks

    • Bjarki Bjarki says:

      Hi Antoine,

      We are working hard to make Tempo Budgets available for JIRA Cloud, but unfortunately do not have an ETA to share at this time.

      Best regards,
      Bjarki

      • Tom Haworth says:

        It’s there any update on Budgets for Jira cloud. I read somewhere that it’s likely that it will never happen because Atlassian are trying to avoid type 2 add-ons

        • Bjarki Bjarki says:

          Hi Tom,

          We are working on a financial add-on for Tempo cloud, but it will be different to Tempo Budgets in its current form. We are using this opportunity to rethink how we approach financials in Tempo, which means the features may not be exactly the same as they are now in our add-ons for JIRA Server. Our goal is to solve some of the same use cases as our Server add-ons, but also to better align financial features with our time tracking and planning features.

          This is an iterative process which will take some time, but we hope to introduce our first financial add-on for Tempo cloud later this year.

          If you are interested in participating in a closed beta program, please apply here.

          Best regards,
          Bjarki

          • Dan says:

            That’s terrible I have been telling my VP Tempo cloud Budgets was coming we are so disappointed.

          • Bjarki Bjarki says:

            Hi Dan,

            It’s still being developed and you can still expect a first version of Tempo Budgets on the cloud this year.

            Best regards,
            Bjarki

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