Project Budget Tracking

Project budget tracking, as well as billing management and the establishment of baselines, are simple in Project Tracker.Net, an online project management system.

In Project Tracker.Net, IT and project budgets can be categorized in Labor, Non-Labor and Income fields. Budget and Actual can be defined in time, capital, non-capital and income. Billing can be defined by type and rate. In addition, baselines can be set.

Budgets can also be established at the task level. As tasks are created and resources are scheduled, cost rates are applied against the planned hours and the project's budget takes shape.

In either case, as the project moves forward, data is pushed to the Tracker Data Warehouse, a Web based reporting engine, which generates a wide array of reports for budgets, activity and more. Useful reports include Budget vs. Actual, Activity Ledgers and Customer Billable Hours.

The cost rate of resources are profiled in online employee files in Personnel Tracker.Net, a personnel management software solution. However, these cost rates can also be modified within the task document. Using Time Tracker.Net, project team members charge time against these tasks with Web timesheets.

Likewise, using Expense Tracker.Net and Purchase Tracker.Net, project teams can submit online expense reports and purchase orders, charged against their projects and the tasks within them.