Allocate budget to a project

Set the budget of a project according to the fiscal years.

Before you begin

Role required: it_portfolio_manager

Procedure

1. Open the project form.

2. In the related links, select Project Budget.

   The Project Budget dialog box opens.

3. Select the fiscal year for which you want to set the budget for the project.

4. Enter the amounts for Capex Budget and Opex Budget.

   The Total Budget is updated with the sum of capex and opex amounts.

5. Select OK.

   • If the project does not have any cost plan associated, then project budget is distributed by honoring planned start and end dates of the project.
   • If the project has any cost plan associated, then project budget is distributed by honoring the cost plan fiscal periods.

Result

The project budget for the selected year appears in the Project Budget related list. You can click the amounts in the list to revise them.

Parent Topic:Starting a project

Related topics

Create a project task from a project

Create a parent-child relationship on the Project Task form

Create a monetary benefit plan for a project

Create a non-monetary benefit plan for a project

Associate monetary and non-monetary benefit plans

Create a project cost plan

Recalculating costs of all resource plans in a project

Create an expense line

Create and manage waterfall projects

Update a project

Copy a project

Assign a project schedule

Create baseline of a project

Create a milestone

Activate project task email notifications

Change the planned start date of a project

Create a cost type definition

Costing add-on in Project Management

Generate labor costs

Create a project status report

Migrate budget of active projects to Next Experience

Migrate financial baselines of projects to Next Experience