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Project Budgeting Levels of Detail

You decide how to budget your project based on the level of detail you need to track. Each budget can have detailed or summary information in the following areas, as appropriate for each project.

The Budget Entry Method that you select when you enter a budget determines the level of detail for the budget in these four areas.

A more detailed budget allows you more detail in status tracking and exception analysis. A detailed budget requires more time and effort to plan, create, enter, and maintain the budget amounts, but can provide valuable insight into the status of your project.

See Also

Budgeting by Work Breakdown Structure

Time-Phased Budgeting

Summary vs. Categorized Budget Amounts

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