After you have entered cost rates, you can save them as your budget (budget: The estimated cost of a project that you establish in Project with your baseline plan.) before you start tracking and managing the plan. Also, you can
attach important notes about budget decisions, share the budget information with others, or transfer information to other file formats.
Tip This article is part of a series of articles within the Project Map that describe a broad set of project management activities.
We call these activities "goals" because they are organized around the project management life
cycle: Build a plan, track and manage a project, and close a project.
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See all goals on the Project Map
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Save baseline cost information When your cost estimates are in line with your goal for costs, you can establish them as your baseline plan. In this way, you can compare actual costs (actual cost: The cost that has actually been incurred to date for a task, resource, or assignment. For example, if the only resource assigned to a task gets paid $20 per hour and has worked for two hours, the actual cost to date for the task is $40.) with your original plan as the project progresses. You can also create a budget and compare costs this way.
Click all of the following that apply:
Print or publish cost totals
After you create a budget, you can share your budget (budget: The estimated cost of a project that you establish in Project with your baseline plan.)
information with team members or other stakeholders (stakeholders: Individuals and organizations that are actively involved in the project or whose interests may be affected by the project.).
Click all of the following that apply:
- Print cost information to display
the resource (resources: The people, equipment, and material that are used to complete tasks in a project.), task, or project cost totals (summarized or distributed over a task's duration) in a view (view: The combination of one or more views [Gantt Chart, Resource Sheet, and so on] and if applicable, a table and a filter. Use views to work with information in a variety of formats. There are three types of views: Charts or graphs, Sheets, and Forms.), chart (chart: A view or part of a view that represents project information graphically. For example, the Gantt Chart view consists of a sheet and a chart pane where tasks are represented as horizontal bars.), or report (report: A format in which you can print schedule information that is appropriate for the intended recipients. You can use the predefined reports provided by Project or create custom reports.).
- Create a visual report if you want to use Microsoft Office Visio 2007 or Microsoft Office Excel 2007 to create reports that help you to analyze and report on costs at any phase of your project planning.
- Publish project information on Project Server if your team uses
Microsoft Office Project Web Access (Project Web Access: The Web-based user interface that is used to access information in Project Server.) to communicate. You can post the most current information, including costs, on Microsoft Office Project Server 2007 for others
to see. Because project managers aren't necessarily administrators, you might
need to ask your server administrator (administrator: Sets up and manages user accounts, assigns permissions, and helps users with network or server access issues. This person can also manage and customize various elements in Project Professional and in Project Server.) to do this for you.
Export cost information to other programs
If your company uses
programs other than Project 2007
to keep track of costs, you can transfer budget information from Project 2007 to them.
Add notes about cost information
Before you save your cost estimates as your budget with a baseline plan (baseline plan: The original project plans [up to 11 per project] used to track progress on a project. The baseline plan is a snapshot of your schedule at the time that you save the baseline and includes information about tasks, resources, and assignments.), you can attach cost-related information to tasks (task: An activity that has a beginning and an end. Project plans are made up of tasks.), resources (resources: The people, equipment, and material that are used to complete tasks in a project.), or the entire project.
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Previous goal | Next goal
See all goals on the Project Map