Note: This article only applies if your transformation is using annualized impacts
Impacts are entered in Wave as either as Annualized or Non-annualized.
- “Annualized” data is sometimes called the run rate and summarize impacts across an initiative.
- “Non-annualized” data is commonly referred to as calendarized data and tracks impacts monthly, quarterly, etc.
See below for examples of each and further details about Annualized and Non-annualized impacts.
What are annualized impacts?
Annualized impacts (run rates) summarize the impacts associated with each initiative. They are useful during early stage gates (L0 to L2) when the non-annualized (calendarized) impacts of an initiative may not be known yet.
Communicating details about an initiative is also made easier with annualized impacts. For example, “I have a $1.2M initiative” is much easier to say than “I have an initiative that has an impact of $0.05M for the first six months of each year and $0.15M for the last six months of each year.”
When an initiative is at L3 or above, the annualized planned values will be locked so that they can be referenced. Users, however, will have the ability to edit forecast or revised values and actual values will be entered as non-annualized.
Annualized impacts can be entered differently across programs, so be sure to check with your program office for details.
What are non-annualized impacts?
Non-annualized impacts are impacts that are entered on a calendarized basis. Depending on your program this could be impacts entered monthly, quarterly or yearly. This data is then used to indicate the buildup of impacts over time. While some projects may not track annualized impacts, all projects will track non-annualized impacts.