Deltek Vantagepoint Help

Using the Help Search
Using the Help Search
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Budget

Use the Budget form and related dialog boxes in the Projects hub to enter and review labor, expense, and consultant budgets for your projects. 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. Budgets remain in effect until you enter new amounts that overwrite them.

If you establish labor budget amounts for a project, you can use the Budget Validation options on the Accounting tab of the Projects form to implement automatic validation of time records against the budget based on the labor codes that the employee enters for the time records. For more information, see Accounting Tab of the Projects Form and Budget Validation for Timesheets.

We recommend that all project managers have access to the Budget form, so that they can review and update budgets for their own projects.

You can only enter labor budgets for projects if Vantagepoint is set up to use labor codes.