Budget and Baseline

[Alfatcop]

Hello,

Could you please tell why we would need to use the new budget features of
Pro 2007 if you are baselining?
When generating reports through Visuals Reports>Assignment Usage>Buget Cost
report, the Budget Cost, Baseline Cost, Cost and Actual Cost are displayed.
You can therefore compare you planned cost (baseline) against your actual
cost.
So what does the "budget" features" brings" in?

Thanks for your help

 

[Dale Howard [MVP]]

Alfatcop --

In Microsoft Project 2007, Microsoft introduced a new type of resource
called a Cost resource. There are two types of Cost resources: Budget Cost
resources and Expense Cost resources. You can use Cost resources in a
number of ways, such as to connect cost data to a third-party ERP system or
to track additional costs to a project beyond the use of resource Cost rates
for human, Generic, and Material resources. If you don't have these types
of needs, you don't need to use Cost resources. Hope this helps.

 

[Jan De Messemaeker]

Hi,

Your baseline is your estimate of how you'll do at the onset of the project.
The budget is what Big Brother allows you to spend.
That is not necessarily the same!

Hope this helps,
--
Jan De Messemaeker
Microsoft Project Most Valuable Professional
+32 495 300 620
For availability check:
http://users.online.be/prom-ade/Calendar.pdf