The Project Budgeting and Costing add-on helps teams manage project financials in Project Insight. It can support project budgets, planned and earned value, target budget information, variance fields, rate settings, and financial visibility rules.
Use this article as an overview of the main budgeting and costing areas available in the add-on. For step-by-step setup, reporting, forecasting, and costing details, use the related articles linked in each section.
Planned & Earned Value
Planned Value and Earned Value help teams understand project progress in financial terms. These PMBOK-aligned measurements estimate how much work should have been completed by now and how much work has been earned based on percent complete.
Planned and Earned Value calculations use project work and cost information. They can help project managers and PMO leaders review performance to schedule using financial values.
Learn more: How to Use Planned Value and Earned Value in Project Insight
Target Budget Information
Target Budget Information lets teams enter summary budget values at the project level. This is useful when leadership, sales, finance, or the PMO assigns a project budget before the detailed task-level plan is fully built.
This supports a top-down budgeting approach. Teams can start with a lump sum project budget, then compare that target budget against planned work, actual time, actual expenses, and reporting as the project moves forward.
Learn more: How to Set a Top-Down Project Budget in Project Insight
Variance Calculation Fields
Variance calculation fields help teams compare budget, forecast, planned, and actual values on projects and tasks. These fields can be available in project reports, task reports, and project views, depending on your configuration.
Variance fields are typically identified with Var. in the column name. Administrators can control which variance fields are available so report users can focus on the differences that matter most.
Learn more: How to Configure Variance Calculation Fields in Project Insight
Actual Hours & Billable Hours Visibility Rules
Financial visibility rules help control who can see actual hours, billable hours, work cost, actual cost, billable price, and other financial information.
These settings are useful when your organization needs budget visibility for project managers, PMO leaders, finance teams, or report viewers while still protecting sensitive cost and rate information.
Learn more: Who Can See Actual Hours, Billable Hours, And Financial Data In Project Insight
Not Seeing A Field?
If you are missing the Work Expense field, review your Project Budgeting and Costing settings. Some fields depend on which financial options are enabled in the add-on configuration.
Make sure the related checkboxes are enabled for your workspace.
Related Budgeting And Costing Articles
- How to Set a Top-Down Project Budget in Project Insight
- How to Use the Task Budget Tab in Project Insight
- How to Use the Portfolio Allocation Budget Report in Project Insight
- How to Use Work Estimate at Completion and Work Estimate to Complete in Project Insight
- How to Use Planned Value and Earned Value in Project Insight
- How Project Costing Works in Project Insight
In Short
The Project Budgeting and Costing add-on helps teams enable and configure financial features in Project Insight. Use it to support project budgets, planned and earned value, variance reporting, financial visibility rules, and related budgeting and costing workflows.
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