Project Budget

No matter how big or small, any project can benefit from using Project Budget templates. What matters is your structured approach, resources and goals in order to succeed. Therefore, making a Project Budget as one of the first steps is important. They can be used for any kind of project, and provide intuitive ways to manage your project team.

How do you prepare a project budget?

A project budget, is often a spreadsheet that consists of all tasks, milestones for your project in its entirety. Each of these components should be calculated and provide the sum on a high level, which is backed by the details. By making a project budget, you are sure to do a thorough project preparation. 
The project manager, board and other stakeholders of an organization are all well aware of the importance of decent project planning and budget. t is a crucial ingredient in first phase of a project, because it is used throughout the project lifecycle. Once it's understood how feasible a project is.
By using this Project Budget Excel template, you can create your own project budget in five easy steps:

1. Make a planning and Work Break Down structure by dividing your project into tasks and milestones;
2. Estimate the time, material and costs for each item in the task list;
3. Add your estimates together in a project budget template;
4. Make sure to include miscellaneous, contingency and taxes and you are ready to submit for approval.

Making a project budget is one of the most important parts of the first phases of the project, and to get approval to start the project. Working with Project budgets, ensures the Management and Project Manager that they work efficient with time, quality and resources, and therefor to keep the Project under control.
Any project can benefit from using professional Project Management templates. Download this Project Budget Excel template as a part of your project proposal, explaining more financial calculations and details regarding the 5 project phases, such as: Initiating, Planning, Executing, Monitoring, and Closing. For more information about the most important Project Management documentation, check out this Project Management Kit with Project Templates and a Free Project Planning.