Establishing budgets

You can create budget estimates for each EPS node, project, or WBS level, and then refine them as needed.

Use the Budget Log tab on the Projects window to enter the original budget—the total amount you require for the EPS node or project.

The Budget Change Log helps you keep track of budget changes as they occur. The Current Budget (original budget plus approved budget changes) and Proposed Budget fields (original budget plus approved and pending budget amounts) incorporate these changes so you have up-to-date and accurate budget information for each project or EPS node.

You can record monthly spending of budgeted funds, track the current and undistributed variance amounts, and roll up the monthly spending plan of each project to any level of the EPS.

When P6 Professional is connected to a P6 EPPM database: If your projects use funding to support budgets, you can also use P6 to set up a dictionary containing any nonprofit, government-allocated, or other funding sources for easy assignment to projects or EPS nodes.

When P6 Professional is connected to a P6 Professional database: If your projects use funding to support budgets, you can also set up a dictionary containing any nonprofit, government-allocated, or other funding sources for easy assignment to projects or EPS nodes.