The Ultimate Budget Allocation Methodology For Power BI Analysis

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  • Опубліковано 4 лис 2024

КОМЕНТАРІ • 31

  • @EnterpriseDNA
    @EnterpriseDNA  4 роки тому

    ***** Learning Power BI? *****
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    ***** Related Links *****
    Managing Seasonality In Your Budget Analytics - Advanced Power BI - blog.enterprisedna.co/managing-seasonality-in-budgeting-analysis-advanced-power-bi/
    Compare Actual Results To Budgets Using Power BI Forecasting - blog.enterprisedna.co/compare-actual-results-to-budgets-or-forecasts-in-power-bi/
    Power BI Budgeting Technique: Allocating Monthly Budgeting Sensitivity Table - blog.enterprisedna.co/power-bi-budgeting-technique-allocating-monthly-budgeting-sensitivity-table/
    ***** Related Course Modules *****
    Budgeting & Forecasting - portal.enterprisedna.co/p/budgeting-and-forecasting
    Mastering DAX Calculations - portal.enterprisedna.co/p/mastering-dax-calculations
    Time Intelligence Calculations - portal.enterprisedna.co/p/time-intelligence-calculations
    ***** Related Support Forum Posts *****
    Incorrect Budget Allocation With Weighting - forum.enterprisedna.co/t/incorrect-budget-allocation-w-weighting/1132
    Allocate Quarterly Budget - forum.enterprisedna.co/t/allocate-quarterly-budget/1371
    Allocation Of Brand (Category) Budget Using Monthly Seasonal Factors - forum.enterprisedna.co/t/allocation-of-brand-category-budget-using-monthly-seasonal-fsctors/5361
    For more budget allocation support queries to review see here…. - forum.enterprisedna.co/search?q=budget%20allocation

  • @NirRobinson
    @NirRobinson 5 років тому +12

    You are one of the best real life business problem solver in the power bi world!
    10x

  • @xkatrineboberg
    @xkatrineboberg Рік тому +1

    Hi Sam,
    Thank you for the nice videos!
    Do you have any advice om how to calculate the budget allocation for a budget that is given as a number? E.g. without having it on a monthly, quarterly or yearly basis? :)

    • @EnterpriseDNA
      @EnterpriseDNA  Рік тому

      Hello Katrine,
      It's always a little bit difficult to judge and provide the results without looking at the data structure, model and working of the PBIX file for the reference.
      And therefore we encourage you to please write back to us onto our Community Forum by providing the proper description of the problem that you're facing along with the PBIX file for the reference as well as the mock-up results that you're trying to achieve where our members as well as experts team will be able to assist you in a better and efficient manner. Below is the link of the forum provided for the reference.
      Hoping you find this useful! If you haven't yet, you can subscribe to our UA-cam channel so that you won't miss out on any Power BI & Power Platform updates. You can also join our LinkedIn group to receive latest updates on Power BI.
      Cheers,
      Enterprise DNA
      forum.enterprisedna.co/
      ua-cam.com/channels/y2rBgj4M1tzK-urTZ28zcA.html
      www.linkedin.com/groups/12004506/

  • @judycalvo5127
    @judycalvo5127 5 років тому +1

    This is awesome! One quick question--if I have working days only, and not a full month, what are some suggestions for creating the daily allocations. We have staff that do not work on weekends or holidays, so we need daily allocations based on the number of working days, not calendar days

  • @matejmikuska8144
    @matejmikuska8144 5 років тому +2

    In real life business scenario I used the daily sales from prior year to allocate the budget to days. Moreover I used a mapping table where I assigned to every actual date a prior year date. This allowed me to manually map state holidays and so on. By this I was able to dynamically modify the allocation

    • @braulioandre2918
      @braulioandre2918 Рік тому

      Can you please provide me with resources on how you achieved this, I've been actually trying to do the same. In my case I'd like to split the monthly budget, and it should apply to whatever dimension table is used, be it at product lavel, category, subcategory, supplier, or even departments.

  • @m.sajidtp
    @m.sajidtp 5 років тому +1

    Thank you Sam, just on time, was looking for this... 👍🏼

  • @wissemkhenissi2724
    @wissemkhenissi2724 5 років тому +3

    that's really a great JOB! could we have a copy of the .pbix please. Thank you! keep the good work up!

  • @AlexWolfmusic
    @AlexWolfmusic 3 роки тому +1

    Great explanation guys, cheers! After recreating, I've ran into trouble summarizing these Budget Allocations into MTD. While the following Dax seems to aggregate accordingly for my sales column: MTD Sales= CALCULATE(Sales[SalesTotal], DATESMTD('Sales'[SalesDate])) - when i try to run the same for MTD Budget = CALCULATE(Budget[Budget Allocation], DATESMTD('Calendar'[Date])) - the value displayed jumps to the daily Budget Allocation of the next month, rather than cumulate accordingly as datesmtd should. Any suggestions?

    • @EnterpriseDNA
      @EnterpriseDNA  2 роки тому

      Hello Alex,
      Thank you for posting your query onto our channel. We really appreciate you taking your valuable time to post it.
      Well it's always a little bit difficult to judge and provide the results without looking at the data structure, model and working of the PBIX file for the reference.
      And therefore we encourage you to please write back to us onto our Community Forum by providing the proper description of the problem that you're facing along with the PBIX file for the reference as well as the mock-up results that you're trying to achieve where our members as well as experts team will be able to assist you in a better and efficient manner. Below is the link of the forum provided for the reference.
      Hoping you find this useful. Also, make sure that you're subscribed to our UA-cam channel so that you don't miss out on any updates pertaining to the Power BI. You can also join our Power BI group on LinkedIn to receive latest updates on Power BI. Below are the links provided for the reference purposes.
      Cheers,
      Enterprise DNA
      forum.enterprisedna.co/
      ua-cam.com/channels/y2rBgj4M1tzK-urTZ28zcA.html
      www.linkedin.com/groups/12004506/

  • @NeilCotton1984
    @NeilCotton1984 9 місяців тому

    Thanks for your brilliant video Sam. I know this was a long time ago, but am struggling a little. I have budgets at a monthly level, but they are defined as the first day of the month rather than month name. I adjusted the formulae appropriately to match the budget date (first day) to the dates table based on the first day of month field. The output gives me the correct value per day in the particular month, however only has value for the 1st of the month. So if budget was £30,000, then against day 1 of a 30 day month, it shows £1,000, however the other days are blank, until the first of the next month. Anybody have any clue?

  • @pietjehans206
    @pietjehans206 4 роки тому

    Really like it!
    But how do you create that bar with line chart below?
    I can't align the line in the same scale as my other Y Axis (only align zero). Read that that was impossible at the moment in Power BI.

  • @EnterpriseDNA
    @EnterpriseDNA  4 роки тому

    ***** Learning Power BI? *****
    FREE COURSE - Ultimate Beginners Guide To Power BI - portal.enterprisedna.co/p/ultimate-beginners-guide-to-power-bi
    FREE COURSE - Ultimate Beginners Guide To DAX - portal.enterprisedna.co/p/ultimate-beginners-guide-to-dax
    FREE - 60 Page DAX Reference Guide Download - enterprisedna.co/dax-formula-reference-guide-download/
    FREE - Power BI Resources - enterprisedna.co/power-bi-resources
    Enterprise DNA Membership - enterprisedna.co/membership
    Enterprise DNA Online- www.enterprisedna.co/
    Enterprise DNA Events - enterprisedna.co/enterprise-dna-events-page/
    ***** Related Links *****
    Managing Seasonality In Your Budget Analytics - Advanced Power BI - blog.enterprisedna.co/managing-seasonality-in-budgeting-analysis-advanced-power-bi/
    Compare Actual Results To Budgets Using Power BI Forecasting - blog.enterprisedna.co/compare-actual-results-to-budgets-or-forecasts-in-power-bi/
    Power BI Budgeting Technique: Allocating Monthly Budgeting Sensitivity Table - blog.enterprisedna.co/power-bi-budgeting-technique-allocating-monthly-budgeting-sensitivity-table/
    ***** Related Course Modules *****
    Budgeting & Forecasting - portal.enterprisedna.co/p/budgeting-and-forecasting
    Mastering DAX Calculations - portal.enterprisedna.co/p/mastering-dax-calculations
    Time Intelligence Calculations - portal.enterprisedna.co/p/time-intelligence-calculations
    ***** Related Support Forum Posts *****
    Incorrect Budget Allocation With Weighting - forum.enterprisedna.co/t/incorrect-budget-allocation-w-weighting/1132
    Allocate Quarterly Budget - forum.enterprisedna.co/t/allocate-quarterly-budget/1371
    Allocation Of Brand (Category) Budget Using Monthly Seasonal Factors - forum.enterprisedna.co/t/allocation-of-brand-category-budget-using-monthly-seasonal-fsctors/5361
    For more budget allocation support queries to review see here…. - forum.enterprisedna.co/search?q=budget%20allocation

  • @jedhansen4229
    @jedhansen4229 4 роки тому

    Thanks for your helpful videos, Sam.
    I have a question about this particular example. When I apply similar logic to a report that I am working on, filtering by the other tables in the model do not seem to affect the budget calculations. I cannot link those dimensions to the budget table because I receive a 'circular dependency' error. But it looks like you have a link in your model from the budget table to the product ID table. How is that possible?
    How do I get the dimensions to filter the budget?

    • @fredrikvestin752
      @fredrikvestin752 4 роки тому +1

      There is no relationship between the product budget table and the date table which is why you get the same result for all dates. I believe the Total budget measure need to use TREATAS to create a virtual relationship just as in the monyhlu budget amount measure.

  • @tjmusic8978
    @tjmusic8978 4 роки тому

    Hi thanks for the tips, but I've run to this issue that the total for the budget allocation is not following the selected dates. I also noticed it when you change the dates in the video. Saw your other video that SumX can solve it but I'm not really sure where do I place the SumX.

    • @EnterpriseDNA
      @EnterpriseDNA  4 роки тому +1

      Hi TJ Music - Thanks for your interest in Enterprise DNA videos. Issue with "Total" occurs as context changes and Date Filter is not applied. Best option is to create Virtual tables using Summarize/Add Columns functions and do calculations inside them.
      For Total Issues, please check below post or explore forum.enterprisedna.co/
      forum.enterprisedna.co/t/fix-incorrect-totals/8834/
      You can also Enroll to EDNA courses mentioned in the above post for more detailed information and help.

  • @Sevententh
    @Sevententh 4 роки тому

    Hi, thanks this really helped me. However, we could improve the calculations based on previous years sales, and removing the need to have a fixed budget calendar year.
    (although not per item)
    Total Sales Last Year = CALCULATE( SUM(), SAMEPERIODLASTYEAR('Date'[Date]) )
    then use this in the Budget Allocation:
    Budget Allocation =
    VAR DaysInContext = COUNTROWS( 'Dimension Date' )
    VAR DaysInMonth = CALCULATE( COUNTROWS( 'Dimension Date' ), ALL( 'Dimension Date' ), VALUES( 'Dimension Date'[Month & Year] ) )
    VAR CurrentMonth = SELECTEDVALUE( 'Dimension Date'[Month] )
    VAR MonthlyBudgetAmounts =
    CALCULATE( [Total Sales Last Year] * 1.075, TREATAS( VALUES( 'Dimension Date'[Month] ), 'Dimension Date'[Month] ) )
    RETURN
    IF( OR( HASONEVALUE( 'Dimension Date'[Date] ), HASONEVALUE( 'Dimension Date'[Month & Year] ) ),
    DIVIDE( DaysInContext, DaysInMonth, 0) * MonthlyBudgetAmounts,
    [Total Sales] * 1.075)
    With this calculation you can span your budgets for any year, and also get future budgets for the coming months
    Does this work for you??

    • @sqfiitteam4679
      @sqfiitteam4679 2 роки тому

      Hello Alex,
      I tried your DAX and the numbers did not turn out correct. Why multiply by 1.075?

  • @norakirsten2819
    @norakirsten2819 2 роки тому

    Struggling with budgets that run on irregular periods. Like say the budget table has a "Budget" column, and the other columns are "BudgetStartMonth&Year" and "BudgetEndMonth&Year". The budget table has thousands of rows due to there being a budget for every product for every customer. I need the budget allocated monthly. Can't use Treatas in this case.

    • @EnterpriseDNA
      @EnterpriseDNA  2 роки тому

      Hello Nora Kirsten,
      Thank you for posting your query onto our channel. We really appreciate you taking your valuable time to post it.
      Well it's always a little bit difficult to judge and provide the results without looking at the data structure, model and working of the PBIX file for the reference.
      And therefore we encourage you to please write back to us onto our Community Forum by providing the proper description of the problem that you're facing along with the PBIX file for the reference as well as the mock-up results that you're trying to achieve where our members as well as experts team will be able to assist you in a better and efficient manner. Below is the link of the forum provided for the reference.
      Hoping you find this useful! You can subscribe to our UA-cam channel so that you won't miss out on any Power BI updates. You can also join our LinkedIn group to receive latest updates on Power BI.
      Cheers,
      Enterprise DNA
      forum.enterprisedna.co/
      ua-cam.com/channels/y2rBgj4M1tzK-urTZ28zcA.html
      www.linkedin.com/groups/12004506/

  • @cricketmaster25
    @cricketmaster25 3 роки тому

    I'm trying to do something very similar except I want to allocate a monthly budget based on category and the transactions can be daily with multiple transactions per day. I can't figure out how i allocate my budget by categories to each transaction to be able to compare my actual spend vs budgeted. Thoughts?
    PS: if its not obvious already this is for a personal budget report rather than a company budget..

    • @EnterpriseDNA
      @EnterpriseDNA  3 роки тому +1

      Hello Ajay J,
      thank you for posting your query onto our channel.
      Well you can definitely achieve this results but it's always a little bit difficult to judge and provide the results efficiently without looking at the data structure and working of the PBIX file.
      We encourage you to please post your query onto our Community Forum by providing the description of the problem that you're facing along with the working of the PBIX file for the reference as well as the mock-up of the results that you're trying to achieve where our members as well as experts team will be able to assist you in a better and efficient manner. Below is the link of the forum provided for the reference.
      Hoping you find this useful.
      Happy Learning!!!
      forum.enterprisedna.co/

    • @cricketmaster25
      @cricketmaster25 3 роки тому

      @@EnterpriseDNA will do!

  • @gayatrid9342
    @gayatrid9342 2 роки тому

    hi when
    U CREATED PRODUCT BUDGET CTABLE
    WHY U MULTIPLIED TOTAL SALES WITH 1.075
    PLS EXPLAIN SAM

    • @EnterpriseDNA
      @EnterpriseDNA  2 роки тому

      Hello Gayatri D,
      Thank you for posting your query onto our channel. We really appreciate you taking your valuable time to post it.
      The reason why Budget's are multiplied by 1.075 is just for an example purposes to create a uniform budget throughout the year in comparison to the previous year's actual sales. The budget table in this video is created for educational purposes in order to demonstrate the functionality of Power BI and how to do Actuals V/s Budgets analysis. In practical scenario's, most of the time, budgets are created and provided by the Budgeting teams in the organization and then brought inside the BI tools for further analysis.
      For furthermore queries, you can also reach out to us onto our Community Forum where our members as well as experts team will be able to assist you in a better and efficient manner. Below is the link of the forum provided for the reference as well.
      Hoping you find this useful! You can subscribe to our UA-cam channel so that you won't miss out on any Power BI updates. You can also join our LinkedIn group to receive latest updates on Power BI.
      Cheers,
      Enterprise DNA
      forum.enterprisedna.co/
      ua-cam.com/channels/y2rBgj4M1tzK-urTZ28zcA.html
      www.linkedin.com/groups/12004506/

  • @S1rWakka
    @S1rWakka 4 роки тому

    What if I want to distribute unevenly, e.g. allocate twice as much budget to workdays as weekenddays?

    • @EnterpriseDNA
      @EnterpriseDNA  4 роки тому

      Hello S1rWakka,
      thank you for posting your query onto our channel.
      Well, you can definitely achieve this scenario. On our community forum several questions have been asked somewhat similar to this. We're providing a link below so that you can have some idea about how to approach this type of scenario.
      Also we're providing a link below where you can ask the questions on our Community Forum where our members as well as experts team will be able to assist you in a better and efficient manner.
      Hoping you find this useful and meets your requirements that you've been looking for.🙂
      Happy Learning!!!
      forum.enterprisedna.co/t/allocation-of-brand-category-budget-using-monthly-seasonal-fsctors/5361/15
      forum.enterprisedna.co/t/allocate-monthly-budgets-to-weeks-using-weightage-for-each-week/9849
      forum.enterprisedna.co/t/budget-allocation-for-weekday-only/9277
      forum.enterprisedna.co/

  • @happygrass_4423
    @happygrass_4423 3 роки тому

    Hi, can i know how you get the DATES[Month & Year]? I have a CALENDAR table which i assume quite similar to your DATES table. But when i want to insert that particular DATES[Month & Year], got error. Can u help? Actually would be very helpful too if you can attach a yearly budget allocation to monthly sales DAX formula. Because mine is actually yearly budget , monthly sales. Got loss when i try to convert that DAX budget allocation formula to year. Thanks

    • @EnterpriseDNA
      @EnterpriseDNA  3 роки тому

      Hello HappyGrass _,
      thank you for posting your query onto our channel.
      We're not sure which date tables you're referring to rather we encourage you to please use the M Code created by our experts team. Below is the link provided from where you can copy and paste the code in your Power Query >> Advanced Editor.
      For Budget Allocation, we're providing a link of the course available onto our education portal.
      For furthermore queries, you can also reach out to us onto our Community Forum where our members as well as experts team will be able to assist you in a better and efficient manner. Below is the link of the forum provided for the reference as well.
      Hoping you find this useful and meets your requirements that you've been looking for.
      Happy Learning!!!
      forum.enterprisedna.co/t/extended-date-table-power-query-m-function/6390/67
      portal.enterprisedna.co/courses/enrolled/313969
      forum.enterprisedna.co/