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3.2.4 Template Project Budget, V 1.0
3.2.4 Template Project Budget, V 1.0
The budget below provides the detail estimates for labor, material and other items for the duration
of the project.
Total
Total Project Budget
Enter the name of the Line Item that you are budgeting.
You may want to enter high-level categories and then list detail line items under the high-level
category. Refer to your work breakdown structure for project categories and task details.
Example:
Phase 1
1. Initiate the Project
1.1 Develop Project Charter
1.2 Finalize Project Charter
Enter the FYyy-yy - the planned fiscal year in which the budget estimate will be incurred.
Example: FY05-06
Enter the Labor - the budget estimate of the staffing required for the line item.
Enter the Material - the budget estimate for equipment and supplies for the line item.
Enter the Other - any budget estimated for items other than Labor and Material such as training
Enter the Fiscal Year Total the sum of Labor, Material and Other for each line item for each
fiscal year
Enter the Total - the total costs for each column Labor, Material, Other and Fiscal Year.
Enter the Total Project Budget the sum of the Fiscal Year Totals
Notes:
Cost information can be entered as fiscal quarter or fiscal year depending on the projects
needs.
If large numbers are used, include a comment that indicates the units of the numbers.
For example: values in $000, Values in millions
COMMENTS: (list any assumptions or clarifications pertaining to the costs entered above.)
Total Budget
COMMENT: (list any assumptions or clarifications pertaining to the costs entered above.)
If appropriate for your project, include budget estimates for on-going support after project
completion.
Enter the FYyy-yy - the planned fiscal year in which budget estimate will be incurred. Example
FY05-06
Enter the Total Budget - the sum of the line item budget estimates for each fiscal year and the
Total Budget for each column..
Notes:
Cost information can be entered as fiscal quarter or fiscal year depending on the
projects needs.
If large numbers are used, include a comment that indicates the units of the numbers.
For example: values in $000, Values in millions