A scenario is a dimension present in all of the TM1 planning and reporting cubes used to:
- Hold actual data from IFAS in the “Incurred Actual” scenario
- Hold Working Budget data from IFAS in “IFAS Budget Current” scenario
- Hold Encumbrances from IFAS in “IFAS Salary Encumbrance” and “IFAS Non-salary Encumbrance” scenarios
- Create alternative forward-looking budget and forecasting versions in "Working Plan" and "Forecast" scenarios
- Copy versions of forward-looking budgets into static scenarios (e.g. Version 1, 2, 3)
- Aggregate and show variances between one or more scenarios.
There will be managed scenarios to be used for formal budget submissions and uploads. The TM1 sandbox feature will be used by planners to come up with alternatives while they are working on scenarios for formal review. See Sandbox vs. Scenario.