Budget Summaries

What are Budget Summaries?

The Budget Summaries are condensed views of the Project Budget’s current position.

There are two Budget Summaries within Budget Management:

Finance Summary

The Finance Summary shows the Project’s current spend to date compared to the total forecast spend. Summaries are displayed for the Project Team, Capital Expenditure, External Consultancy and General Expenses.

Summary properties:

Name Description
Total Forecast The sum of the total forecast spend for the Project.
Spend to Date The sum of the actual spend up to the current month.
Outstanding Forecast The sum of the forecast spend from the current month to the end of the Project.
Difference (Total Forecast - Spend to Date + Outstanding Forecast)

Forecast vs Actual Summary

The Forecast vs Actual Summary shows the project’s forecast spend compared to the actual spend between user defined dates. Summaries are displayed for the Project Team, Capital Expenditure, External Consultancy costs and General Expenses.

Summary properties:

Name Description
Forecast Days The sum of the forecast days.
Forecast Cost The sum of the forecast costs.
Actual Days The sum of the actual days.
Actual Cost The sum of the actual costs.
Difference (Forecast cost – Actual Cost)

Clicking the Define Range button will display a Define Summary Range child window so the date range may be changed.

The button can be clicked to reset the date range to the default values.

Clicking the Set Range button closes the child window and will calculate the Forecast vs Actual Summary for the date range selected.