Forecast Project Budgets

Project managers need a good way to map out anticipated costs associated with a project. This planning step could affect whether or not a project gets approved. Often times, project managers are using Excel to outline project costs, building budgets from scratch.

Project Insight allows project managers to estimate project budgets in terms of labor hours, fixed costs, expenses and the total. Because Project Insight has a centralized list of resources, each with a default burden and bill rates, project managers may build out a project budget rapidly.

Benefits of Project Insight

• Estimate project budgets in hours, fixed costs or both
• Leverage the resource pool and the burden and bill rates to plan out the budget
• Leave the project in 'planning state' until the budget and schedule have been approved
• Route the proposed project for approval