Budget impact on Project
Use predictive calculations to forecast how much your project may eventually cost. Modify different parameters and evaluate how spending and reductions impact the probability that the project will be completed on time. Download and install the integrated ribbon add-in to apply cost / risk management to Microsoft Projects (MS Project 2013 and above)
The Great Budget system easily encourages reuse of budget components. Components can be compared “apples to apples” to predict likely behavior. This can reduce errors and increase accurate budget forecasts. Trending with budget blocks makes it fast and easy to build a budget. Combine the necessary activities from budget blocks, modify pre-defined values and a new budget is available.
During development, as costs accrue, costs and time can be compared with historical spending. Set a range for under and over spending for notification. When an activity spending is out of range notification and action can be taken. Use this to effectively monitor project progress and reduce the need to micro manage.