cancel
Showing results for 
Search instead for 
Did you mean: 

Budjeting for a project

former_member27212
Participant
0 Kudos

how do you go about budgeting for a project

Accepted Solutions (0)

Answers (1)

Answers (1)

arunml
Advisor
Advisor
0 Kudos

Hi Lemdy,

Accurate planning of project costs and revenues is essential for establishing realistic budgets, avoiding cost overruns, and ensuring that the project will generate sufficient profit. The high-cost transparency provided by project management helps you effectively budget your projects and control their costs.

So there is a calculation rule for budgeting in byDesign.

Budget at Completion (BAC) = The total planned value when the project/task is completed. This value is determined by adding up the planned costs of the project baseline.

Please refer to the help center document.

Best Regards,
Arun