How do I create a time-phased budget in MS project?

C

corina

I need to create a time-phased budget in MS project, but I have no idea where
to start. Any suggestions??

Thank you,
 
D

Dale Howard [MVP]

Corina --

In the Gantt Chart view, create your project with a list of tasks, create
your Work Breakdown Structure (WBS), set task dependencies and task
Durations as needed. Add resources to your project in the Resource Sheet
view and set a Std. Rate for each resource. In the Gantt Chart view, assign
one or more resources to each task in the project (do not assign resources
to summary tasks). To see your timephased budget for the project, click
View - Reports - Costs and then double-click the Cash Flow report. Hope
this helps.
 
J

John

corina said:
I need to create a time-phased budget in MS project, but I have no idea where
to start. Any suggestions??

Thank you,

corina,
Some might say that the Baseline Cost field is the budget but it kind of
depends on how you view a "budget".

I suggest you set up your plan complete with resources. The original
estimated cost will be the Cost field and this would be treated as the
budget. When it is all set up, go to Tools/Tracking/Save Baseline and
save a baseline for the entire project. Project then captures all the
data in the Cost field and saves it in the Baseline Cost field so it can
be used for earned value calculations or any other comparative analysis.

Hope this helps.
John
Project MVP
 

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