A budget is great to estimate projet costs and follow them during the execution of the project.
Budgets provide a good indication of the progression of the project.
A budget is composed of:
- 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