How to Create a Budget in Microsoft Project

Microsoft Project is an application that allows business managers to define project scopes, budgets and deadlines. The application is a robust solution for large projects in several industries. For instance, software development teams use Microsoft Project as a way to plan the design and time frame for each part of the application. Setting a budget allows businesses to focus on a target cost for the defined project.

Instructions

1. Click "View" on the main menu in the project workspace and select "Gantt Chart." Click the "Tools" menu item and select "Options." Click "Show project summary task" and press "OK."

2. Click the project summary that now shows in the main workspace. Click "Assign Resources." Select a resource and click "Assign." Close the project summary.

3. Click the "View" menu item again and select "Resource Usage." From this screen, the resource budget is set.

4. Click "Column" in the "Insert" section. Add a budget cost and click "OK." Repeat this step until all costs are entered for each part of the project resource. Close the budget window. The budget is set for the project.

References

• Microsoft Office Project: Create a budget for your project