Have you been assigned a project at work? Indeed, you will want to manage it the best way possible. One of the most important aspects to managing a project, especially for a business, is the creation and management of an accurate budget for the project. After all, Nobody wants the hassle of having to explain why the budget wasn’t met. Thankfully, Microsoft Office is here to help with the Project Budget Management Template.
How to Use the Project Budget Management Template
Downloading the project budget management template is free. Users can easily customize it to their tastes and needs. It’s also easy to use. With five easy steps, you will have a budget that is easy to read and understand, as well as professionally done. First, you will want to fill in the company and/or project name information. Next, simply fill in the template with the project’s personalized budget information, and the template will create a budget easy to ready.
Tips for Using Project Budget Management Template
Some may download the template then feel unsure of how to use it so as to get optimal results. Here are some tips for utilizing the Project Budget Management Template:
- In the overall budget section, make sure to categorize all the expenses. Don’t worry about being too specific. The idea is to create a budget with accuracy.
- In the monthly budget section, labor costs are broken down by specific employees. By entering an employee’s day rate and amount of days needed, the template will automatically calculate the monthly total–no need to worry about making mistakes in math
- When budgeting by task, categorize it by task, milestone, or team. If needed, you can add more categories–don’t feel restricted to simply what the template initially provides
- Always account for risk in some way throughout the budget. This way, if anything goes wrong, it will not destroy the budget.
With the use of the Project Budget Management Template, you will find yourself no longer stressing over whether the budget is accurate, and where you are in the stream of time for the project. You can simply focus on completing the project without any money concerns.
Download: Project Budget Management Template