root. Budget Templates. March 05th , 2021.
A vital part of project management is creating and managing an accurate budget. Use Vertex42's project budget template along with a well-defined project plan to help put together a solid budget - one that will allow you to accurately predict your costs and to manage those costs during your project.
This project budgeting template was designed for all sorts of projects. Use it for home remodeling, contract work, small community service projects, and even large IT project budgets. Unless you are doing a multi-year, multi-million dollar project, you probably don't need to invest in expensive or more complex project budgeting software. For tracking spending over time, see our earned value management template.
This spreadsheet is designed to make it easy to define and categorize all the costs associated with a detailed project. The categories are laid out in the traditional WBS (work breakdown structure) format, making this template a useful addition to our popular Gantt chart template, which can be used to define a detailed project schedule.
This version is based on our general business budget template, and includes a section for recording income sources. This spreadsheet can be useful for smaller projects such as home remodeling or other small construction projects, where it may not be as critical to use a detailed work breakdown structure (WBS).
When adding new budget categories, make sure to verify the formulas for the Subtotals and Totals. As your project progresses, enter the actual expenditures for each task to see how well you are staying on budget. The difference between the budget and the actual expenditures will be calculated for each task along with the total variance for the project.
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