Tip 36: Budget in Zoho Projects
Are costs escalating? Not sure where your money goes? Project Budget puts you in control...
It is now easy to identify the tasks/bugs which exceed the planned cost of the project.
Planned cost is the product of work hours and rate per hour (rate specified while creating the project budget). Cost variance is the difference between actual and planned cost.
If you are in green then the overall cost is within the budget, red means that the actual cost exceeds the planned cost. If you are in red, juggle your resources to reduce cost.
Few important points to be noted
- The default currency provided while enabling project budget in settings is considered only when the currency is not chosen during project creation.
- Budget is updated in real time for tasks. The overall project budget is updated automatically every six hours.
- Budget is enabled only for admin users. For other profiles, you can enable it in Profiles and Roles.
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