Falcon makes it possible for you to plan and track a budget or measure effects for each measure. The definition of an effect is very simple. Effect: Measurable, often monetary, influence of a measure.  
Note: Effects are created in the admin center as effect lines, maintained at measure level and aggregated at measure package level and overall project level.

All effects in Falcon are maintained at measure level. Falcon automatically aggregates them into measure packages and finally into the respective project.

To access the effects settings, first select the hub administration center (gear icon in the sidebar) and the Budgeting tab. 

Here you can adjust, create and assign budgets to different projects. You will learn how to create and manage the effects structure in the following articles.

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