Set Budget

Set budget in the Create Project form

When you've already evaluated the project and know the approximate planned budget for the project, then you can set the project budget while creating the project. This makes it easier for the project owner to calculate the cost right from the start of the project.

To set budget from the Create Project form:

Navigate to the All Projects page.
Click the drop-down at the top-right corner of the Create button and select Project.
Enter data in the project related fields like Project name, Project type, or Description.
Click the Create & Set Budget button. You'll be navigated to the Set Budget form.
Select the budget type.
Based on the budget type selected, the other related fields will be populated.
Enter the data in the budget related fields.
Click Create.

Set Budget from Project details view

You can add budget for an existing project as well from the project details view.

Navigate to the All Projects page.
Select a project and go to the details view of the project.
Select a Budget Type under the Budget settings section.

Budget Type vs Budget related fields in Create Project Form

Based on the Budget Type selected, the budget related fields will be displayed in the form.

Budget Type	Budget related fields
Project Amount	Cost Budget Revenue Budget Billing Method Set Budget Exceed Limit Planned Value Limit () Threshold Limit
Project Hours	Budget hours Set Budget Exceed Limit Planned Value Limit Threshold Limit
Release Amount	Default Amount Billing Method
Release Hours	Default Hours

Budget in create Work Item form

Work items contribute the most to calculating the cost of a project. When creating the work item, if you enter data in the Assignee and Work Hours fields, the budget details section in the Work item details view will display if you are in line with the budgeted and actual cost.

View Budget details in the Work Item