Budgets

To view and modify project budget information, click the Financials tab in the Project Details window. The Budgets overview section appears. It includes all the budget totals for the project, which are separated into expense and capital budgets. It also includes a list of all the actuals recorded for the Project along with the variance between the budgets and actuals.

Financials tab
 Click on the following image to expand it.

While defining budgets during project planning phase, the final budgets are typically added in the Project Lifecycle template as well. When you click Final Budget on the Lifecycle tab, you get the option to display budget details. To display the Financial tab with final budgeted cost details, click Budget Details.

Similarly, if you have a task of adding preliminary budgets in your project lifecycle, you can click Budget Details in the Preliminary Budgets pane to display the preliminary budgets details in the Financials tab.

From this screen, you can navigate to the details of any budget version that is listed. To designate a version of the project budget as the default, right-click on the row and select the Default option. This action designates the budget version you selected as the default to be used in project cost summaries and analyses throughout the product.