Managing project financials

The capability to plan and budget project costs is a powerful tool to help you make effective project resource decisions. In

, you can create multiple revisions of both preliminary and final budgets and track actual costs against budget. If your IT organization has also licensed

, the Project financials are integrated with the capabilities of

. After you enter budgets and costs for Projects in

, you will be able to create and compare budget scenarios that include costs from one or more Projects and perform various analyses on the budgets and costs that you entered for Projects in

.

A budget steps are generally included in a project lifecycle template. The steps typically represent different revisions of a budget across different phases of the project.
For more information about how budgets are integrated in project lifecycle, see Planning a project.