Use cases 

Software development/ IT: Overall project budget for website creation is $25000. Budget to design the website is $7000. Project manager needs to ensure that the design expense doesn't exceed the budget.

Construction: Laying of foundation in a construction site is an important phase. However, the budget of this phase is $75000. The site engineer needs to ensure that the expense doesn't overrun the planned budget.

 

Event planner: Event venue decoration cost is set with a $5000 budget. Event organisers need to ensure that this milestone doesn't cross the estimated budget.

Benefits

1. Manage expenditure of specific phases in a Project.
   
2. Provides prior planning by setting clear budget constraints.
   
3. Allocate funds to crucial project phases.

View Budget in a Phase

Phase Based Budget

1. Create a new project. You can also enable budget by phase by editing an existing project.
   
2. Scroll to the Budget section in the new project form.
   
3. Click on the Project Budget drop-down.
   
4. Click the Budget Type drop-down.
5. Select Based on Phase.

Create Budget for a Phase

1. Navigate to the Phases tab in a project.
   
2. Click Add Phase in the upper-right corner.
   
3. Enter the phase details.
   
4. Fill-in the Phase Budget and Budget Threshold fields.
   
5. Click Add.