Budget are great to estimate projet cost and follow it during execution of the project.
Budget provide a good indication of the progression of the project.
Budget is composed:
- Name of the budget
- Code and Sub-Code to describe the budget
- Estimated budget (man.days)
- Assigned (man.days): Total task assignments on the budget
- Actual (man.days) provided by resources
- Estimate To Completion ETC (man.days) provided by resources
- Estimate At Completion EAC (man.days) calculated