Budget planning and control in complex projects

• Project management software allows time limitation of
  Budgets

• Overbooking tolerance for flexibility in dynamic
  Project progress
  
  

Can Do's project management software now also offers comprehensive budget management functions. With the new version of the planning tool, which will be released in the second quarter, financial and resource budgets for projects, departments and other cost types can be defined, controlled and monitored. It is also possible to assign budgets to freely definable periods. Funds not used, such as money or working hours, can be transferred to the budget for the following period, or if the budget is exceeded, the funds previously required can be deducted from the budget for the following period. This function can be activated or deactivated by the project manager on request.

Another feature in the area of planning and controlling budgets is overbooking tolerance: projects rarely run as precisely as they were planned. To maintain a certain degree of flexibility within the course of the project, the project manager can activate an overbooking tolerance. This gives him a certain percentage of additional funds. If necessary, this function can also be used to cut a budget in order to implement a savings course.

Can Do remains true to its philosophy of processing all data live, even in budget management. For example, all reported working hours or expenses are also taken into account in real time - live - in the planning tool. Furthermore, the software supports the use of inaccurate data at all levels. The developers also attached great importance to easy handling and a clear presentation of the budget management functions.

With the budget management of the project management software Can Do, budgets for resources, financial means and other cost types can be planned and monitored. The resource and financial budgets can be combined with each other. The tool distinguishes between planned and actual budgets. In addition, the software enables budgeting via item numbers. Budgeting serves the purpose of monitoring the project; it does not cause any changes in capacity planning or financial processes.