Deltek Vantagepoint Help

Using the Help Search
Using the Help Search
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    Ex."system administration"
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    Ex.system + administration
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    Ex.system administration
For more information:Searching Online Help

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 enter or display a project's budget when viewing the project at the lowest work breakdown structure (WBS) levels. If you enter budget data for a WBS element and later add a WBS level below that one, Vantagepoint automatically moves the previously entered budget data down to the first WBS element that you add at that new level. For example, assume that the phase level is the lowest level of a given branch of your WBS, and you enter budget data for Phase 01. If you later add Task 01 under Phase 01, creating a new lowest level in that WBS branch, Vantagepoint moves all of the Phase 01 budget data down to Task 01.

Labor budgets for each lowest-level WBS element are entered by labor code. If Vantagepoint is not set up to use labor codes, you cannot enter labor budgets for projects. 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.