Hello Planners,

Does somebody have any experience on using the Project Budget  and Project Summary tabs in the Project lower pane view?

I am trying to input activity costs, work package costs and global project costs against the Budget and the Monthly Expenses and Benefits Plans, and I cannot find any information on this topic.

Any help welcome, thanks

Alexandre

Alexandre,
You should use activities to keep the costs. For budgeting purpose, you should use planned cost of the resource assignment, or expense; for tracking costs, you should use actual cost of the related resource assignment or expense. If you have (I'm sure you have), indirect costs that you pay regularly, but not related with the activities in the project plan, then you should create a new activity with start date as the start date of the project and with the finish date as the completion date of the project, then you can log your indirect costs there.

Hope this helps,

Ahmet Cetin

Ahmet,
thanks for answering my post; do you mean that you do not use the "Budget Log" tab at project level, but only the "Expenses" tab at activity level?
what for will I use the "Budget Log" tab?
Alexandre

Corrrect me if I am wrong...

Budgets are used forcalculating earned value. Your budgets are just that...overall budget at the project or WBS level. They can be further broken down by month at those levels. Think of it as a starting point (you have X amount to spend). You record against those budgets using activities/actuals/expenses as they occur. Using the combination of those give the earned value calculations.

Primavera doesnt exactly explain it clearly and I understand the confusion. I probably didnt explain it well either. Sorry.

PB1001,

thanks for explaining; it's becoming all clear now!

as you said, Primavera does not make it clear that Budget Log and Project financial Summary are for Earned Value, while Resource Assignments, Activities and  WBS nodes costs and expenses are for allocating costs to the project

Thanks again,

Alexandre

ple somebody explain budget log, spending plan , budget summary tab in project detais window