Budgets should be assignable to an area path. We use a single team project to manage all work across multiple projects and systems within a single organizational division in our agency. TFS teams and area paths allow us to break out the work and focus the teams appropriately. We actually use a single iteration hierarchy across all teams within a team project. 7pace time tracking's pattern of assigning budgets to iterations means that we have to directly assign the budgets to the work items most of the time. Being able to assign to area paths would allow us to better align budgets on how the work is divided (area paths), rather than how it is scheduled (iterations).
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