Zoho Projects Budgeting

Budget helps to align your spending with the available resources. While managing the budget for complex projects it becomes strenuous to discriminate the resource cost for different tasks. The task level budget view in Zoho Projects allows users to view the resource cost for different tasks. This helps in understanding where the project went wrong.

Objective

  • Create a budget
  • Determine planned and actual costs
  • Prioritize the project cost and learn to deal with inadequate funds
  • Plan for future costs

Project Budget

  • Budget based on hours
    • ​Planned cost = Work hours * Staff rate per hour.
    • Actual cost= Log hours * Staff rate per hour.
    • Invoiced amount = Actual hours * Staff rate per hour.
  • Budget based on amount
    • Planned cost = Work hours * Rate per hour.
    • Actual cost = Total log hours * Rate per hour.
    • Invoiced amount = Actual hours * Rate per hour.

Project Budget Tutorial

Billing Method Tutorial