Budget Form
Use the Budget form to enter budget information for labor, expenses, and consultants for a project. Hours and amounts entered on the Budget form display on the Budget Worksheet report and on many other project-related reports, including the Project Progress, Project Detail, and Project Summary reports.
You can set up budgets for individual labor codes and expense accounts, at both cost and billing rates. You can also update percents complete, estimate-to-complete (ETC) hours and amounts, and estimate-at-completion (EAC) hours and amounts. And you can compare your budget entries to expected compensation amounts, as well as to actual job-to-date (JTD) posted hours and amounts.
You can only display and update a project's budget when viewing the project at the lowest work breakdown structure (WBS) level.
If Vantagepoint is not set up to use labor codes, you cannot enter labor budgets for projects.
- Related Topics:
- Display the Budget Form
You display this form in the Projects hub. - Header Fields for the Budget Form
Fields and options that display on the Budget form in the header area above the tabs are generally available regardless of the currently selected tab. - Actions Bar for the Budget Form
Use the Actions bar on the Budget form as a shortcut to actions you routinely perform using that form. - Labor Tab of the Budget Form
Use this tab to enter budget hours and amounts for labor on a project and to track performance against the budget. You can only enter budget values for the lowest level work breakdown structure (WBS) elements. - Expense + Consultants Tab of the Budget Form
Use this tab to enter budget amounts for expenses and consultants on a project and to track performance against the budget. You can only enter budget values for the lowest level work breakdown structure (WBS) elements.