FAQ: Project Budgeting
When do I use a project budget to manage my budget?
Use a project budget to:
- Track budgets for billable projects and based off forecasts.
- Use segmented security so that project managers can view only their budget.
- Budget by project duration.
- Manage budgets using worksheets.
- Track projects that require different configurations. Example: projects that require a combination of budgets tracked by project and project hierarchy level.
When do I use a financial budget with Projects worktag to manage my
budget?
Projects
worktag to manage my
budget?Use a financial budget with
Projects
worktag to:- Budget at the project hierarchy level.
- Run allocations on budgets.
- Align budget with fiscal schedule. Example: fiscal year, fiscal quarter.
- Use top-down budgeting.
- Roll over budgets into the next period.