When you're done, you can categorize and group all resources to compare them to the budgeted costs. You might then want to refine your estimates. Only when all of these steps are complete can Project calculate the total estimated costs for the project. Then, specify the estimated work or duration for tasks and assign resources to the tasks. You can enter pay rates, per-use and fixed costs for tasks, resources, and, if necessary, assignments. You can then identify other resources and task costs that you want to track and measure against the budget resources. To best track costs, you should first create a budget by creating and entering cost values for budget resources that are assigned to the project summary task. In this articleĬan you give me an example of cost tracking? Use Project to compare original cost estimates, actual costs, projected costs, and see the variances between costs at any time and at any level of detail. How can you tell if your project is on budget? Through cost tracking in Project.
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