ProjectBudgets
A Project, or Project, is temporary and creates a unique product. In other words, not a routine. For that reason, having a plan is essential: “If you fail to plan, you plan to fail”.
In Industrial Equipment Manufacturing a Budget is the baseline making sure the project is calculated accurately to make the right quote, plan the correct material in the right quantities as well as the availability of your people:
Quoting | the cost of the project. A ProjectQuote calculation can be made in the ProjectBudget lines on different levels of detail:
- General, for example an amount for all resources or all items.
- Group, for example an amount for a particular resource group.
- Number, for example an amount for a named resource.
Tracking | tracking actual numbers against the budget. Once a budget is created it is possible to compare the actual numbers against that budget with Forecasting .
Comparing | budget versions and forecasts. Different versions of budgets can be created based on progressive insights. Forecast can be used to estimate the future development of the project.
Budgets provide the following functions:
- Breakdown | breaks down estimates at group level into specific resources or items. Apply Surcharges | adds percentage based costs to the budget based on a surcharge model.
- Calculate Forecast | determines an Estimate to Completion based on either budgeted costs or actual numbers.
- Copy to Planning | Copy budget lines for specific resources or items to either item planning lines or resource planning line.
The following table describes a sequence of tasks, with links to the topics that describe them.
| To | See |
|---|---|
| Create and maintain multiple versions of the Budget | Budget Versions |
| Learn which Budget Line Types can be used and how | Budget Line Types |
| Learn which actions are available from the ProjectBudget Line | Budget Line Actions |
| Learn how to create an item from the budget line page | Create Item wizard |
| Learn how to create ProjectCost Types | Project Cost Types |
| Lear how to calculate Project Unit Costs | Cost Price per Lot Size |
| Learn how to create Surcharge components and models | Surcharges |
| Learn how to create a Forecast for a Budget | Forecasting |
| Learn about the Summary pages showing the ProjectKPI | Summaries |
| Learn how to use Extended Texts on budget and planning lines | Extended Texts |
| Learn how to Copy Budget Lines to Planning Lines | Copy Budget to Planning |
See also