Budgets consist of quantities and cash flow needed to complete a project. Within the planning stage, the project manager and other stakeholders determine scope and budget needs and set these estimates. As demand changes, budget also needs to be adjusted to compensate.
ESTABLISH BUDGET
You can establish budget estimates at the planning stage, then refine them as projects progress. Document budget changes as they occur, then use these changes to calculate the most recent budgeted amounts for the project. You can also record monthly spending of budgeted funds, track the current and undistributed variance amounts, and roll up the monthly spending plan of every project during a branch to its higher EPS nodes.
STEPS: ENTERPRISE------>PROJECTS ----> click budget log in bottom layout.
ESTABLISH MONTHLY SPENDING PLAN
You can distribute the budget monthly for every EPS node and project to create a spending plan. The Spending Plan tab also totals the spending plans of lower levels of the EPS on a monthly basis thus you will compare how much you distributed at a high level to how much was actually distributed at lower levels.
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