Create budget change requests when seeking approval to proposed changes to an EPS, project, or WBS budget.
As projects progress, changes in scope, resource reallocation, funding additions/withdrawals, or other factors that affect original budgeted amounts, often occur. The Budget Log detail windows enable you to track modifications that affect the budget. This log also provides a clear indication of the who, what, when, where, and why behind the change.
To create a budget change request:
- Click Projects.
- On the Projects navigation bar, click EPS.
- On the EPS page, select an EPS or project and click the Budget Log detail window.
- In the Budget Log detail window:
- Click Add to add a budget log line item.
- In the Date field, select a date.
- In the Amount field, enter a currency value.
- In the Responsible field, enter the name of the responsible person or department.
- In the Status list, select a status value for the proposed change.
- On the EPS page, click Save.
- In the Budget Log detail window:
Tips
- You can also create budget change requests for a project or WBS element from the Budget Log detail window of the Activities page.
- In general, you should contact the person listed in the Responsible field to determine if the request is Approved or Not Approved.
- Enter a reason for the proposed change in the Reason field. The program manager of the affected EPS node or the project manager of the affected project can append this field with a reason for approval or denial.