Every year, at the end of summer, the annual budget process starts. To establish a reliable project budget, it is necessary to collect right information. Which can be complex because of the multitude of intermediaries.
To meet this need, Project Monitor enables you to create a new “budget plan”. This is the common framework in which each project manager will declare the requested budget for his project, by nature of expenditure.
Once requests have been issued, the manager can consult them in a dashboard and decide to consolidate them and validate or not the requests. If necessary a new version of the budget plan will be launched as part of a “budget shuttle”.
At the end of the budget process, the latest version of the budget plan is validated. Each project manager is aware of the budget allocated to him for the following year. Budget monitoring can then begin!
Find the solution to accompany your projects on duration.