Project Management Budget: Project DPro (PMD Pro)

Your budget sets out exactly what your project’s costs will be and when the money is needed. Your project team will rely on it to plan and manage their work effectively. Your leadership team will use your and other project budgets to keep an eye on overall program expenditures. Finance staff will use it to make sure enough cash is available in the bank account to cover the project’s upcoming expenses. And fundraisers will use it to inform their grant applications. The design and structure of your budget will vary, depending on the source of project funding and donor guidelines. However, as a rule, it is common practice to identify all accounts – or elements – in a project (with some variance around cost categories). Our budgeting tool outlines the processes and skills required to budget effectively. These fall into three important categories: developing budgets, identifying cost estimates, and monitoring budget expenditure.