You can create project budget categories so that you can compare the actual cost of a project with projected costs so that you can identify areas that are forcing increases in your projected budget.
To create a project category:
- Click the Admin tab, then click the My Group sub-tab.
- Click the Project Budget Categories link in the Workgroup Options section.
- Click Add Budget Category....
- Enter the name and description of the category in the fields provided. Check the Compare to Actuals checkbox to compare the category to the actual budget. You can use this option to compare one of the budget categories to the actual costs on the Project Home page.
- Click Add.
This adds the category to the Project Budget Category List.