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Review how options in Settings affect the entry of project budget information.
- Related Topics:
- Budgeting and Contract Type
The importance of budgeting depends on the project’s contract type. - Labor Budgets
Labor is the most significant cost for any project and, as such, the most important element to budget and track. - Expense Budgets
Direct and reimbursable expenses, particularly consultant expenses, can represent a significant project cost, making expense and consultant budgets important project management tools. - Budget by Cost Rates or Billing Rates
On the Budget form, you can create budgets using cost rates, billing rates, or both. - Percent Complete
The percent complete values that you enter for a project should be the project manager's estimate of how far a labor or expense component has actually progressed. - Settings and Project Budgeting
A number of Vantagepoint settings determine budget data that you can enter and view on the Budget form in the Projects hub and view on the Budget Worksheet report.
Parent Topic: Budget