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In the Trenches with Microsoft® Office Project 2007 by Elaine J. Marmel

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Chapter 3. Pinning Down Your Budget

Pinning Down Your Budget

ALTHOUGH YOU DON’T ALWAYS NEED TO develop and monitor budgets and costs for projects, understanding how to calculate project costs can make you a better project manager. And, most likely, someday someone will ask you to develop a budget for a project and then monitor the progress of the project to determine how well projected costs matched actual costs. So even if you aren’t required to develop and monitor costs for projects, you might want to do so to prepare for the future.

To calculate how much a project will cost, Microsoft Office Project 2007 uses the cost of resources you assign to tasks. In general, if you ...

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