Submit and approve project budgets

Note

We will not be accepting edits to this topic, because it is generated from a business process in Lifecycle Services.

This procedure shows you how to create and submit the budget for a project.

When you create a project budget, you can enter estimated revenues and costs for a project, and then use those to control actual project transactions. In project budgeting, all original budgets and revisions must be sent to project workflow for approval. Workflow gives you increased control over the process and creates a change history record.

This task was created using the USSI data set.

  1. Go to Project management and accounting > Projects > All projects.
  2. In the list, find and select the desired record.
  3. In the list, click the link in the selected row.
  4. On the Action Pane, click Plan.
  5. Click Project budget.
  6. In the Description field, type a value.
  7. Expand the Cost section
  8. Click New.
  9. In the Transaction type field, select an option.
  10. In the Category field, enter or select a value.
  11. In the Original budget field, enter a number.
  12. Expand the Revenues section.
  13. Click New.
  14. In the list, mark the selected row.
  15. In the Transaction type field, select an option.
  16. In the Category field, enter or select a value.
  17. In the Original budget field, enter a number.
  18. Click Save.
  19. Click Workflow.
  20. Click Submit.
  21. In the Comment field, type a value.
  22. Click Submit.