Forum Discussion
Solved
Project budget
Hi, When I onto a project, I build a team, I select resources, (work and budget) and when I go to my project desktop while scheduling I put a value in the budget cost field for example 2000 (tas...
- ThePM-CA --
Thank you for your very thoughtful questions. As you have discovered, you can only assign a Budget Cost resource to the Project Summary Tasks (Row 0 or Task 0), and then you must enter a value in the Budget Cost field for that resource. When you do this, you are specifying the overall budget for the project.
When you assign resources to tasks, because you specified a Standard Rate value for each Work resource, Microsoft Project calculates the cost of each task, which is displayed in the Cost field for each task. Those Cost values roll up to the Project Summary Task, which shows you the total cost to the project.
If you want to calculate the remaining budget for your project, your Project Online application administrator could create a custom Project field named something like Remaining Budget, and then use the following formula in that field:
[Budget Cost] - [Cost]
Your application administrator could then include that custom enterprise Project field in Project Center views in PWA. Does that help? Let us know.
ThePM-CA --
Thank you for your very thoughtful questions. As you have discovered, you can only assign a Budget Cost resource to the Project Summary Tasks (Row 0 or Task 0), and then you must enter a value in the Budget Cost field for that resource. When you do this, you are specifying the overall budget for the project.
When you assign resources to tasks, because you specified a Standard Rate value for each Work resource, Microsoft Project calculates the cost of each task, which is displayed in the Cost field for each task. Those Cost values roll up to the Project Summary Task, which shows you the total cost to the project.
If you want to calculate the remaining budget for your project, your Project Online application administrator could create a custom Project field named something like Remaining Budget, and then use the following formula in that field:
[Budget Cost] - [Cost]
Your application administrator could then include that custom enterprise Project field in Project Center views in PWA. Does that help? Let us know.
Thank you for your very thoughtful questions. As you have discovered, you can only assign a Budget Cost resource to the Project Summary Tasks (Row 0 or Task 0), and then you must enter a value in the Budget Cost field for that resource. When you do this, you are specifying the overall budget for the project.
When you assign resources to tasks, because you specified a Standard Rate value for each Work resource, Microsoft Project calculates the cost of each task, which is displayed in the Cost field for each task. Those Cost values roll up to the Project Summary Task, which shows you the total cost to the project.
If you want to calculate the remaining budget for your project, your Project Online application administrator could create a custom Project field named something like Remaining Budget, and then use the following formula in that field:
[Budget Cost] - [Cost]
Your application administrator could then include that custom enterprise Project field in Project Center views in PWA. Does that help? Let us know.
