Process Flow

Project Costing supports top-down project budgeting, bottom-up project budgeting, and the ability to adjust existing project budgets.

This diagram shows the bottom-up and top-down project budgeting process flow in Project Costing:

You can simplify the process of creating budgets by using project templates. For example, you can create a project template that contains the detailed work breakdown structure, budget plan, and budget items that are associated with the project activities. Use the template to populate new projects with the preset budget information. You can modify the project template, or create multiple templates to meet your business needs.