Free Project Budget Tracking Plan Outline Template
Project Budget Tracking Plan Outline
I. Project Overview and Budget Summary
The Project Budget Tracking Plan ensures efficient financial management of the project.
Project Manager: [YOUR NAME]
Start Date: January 10, 2050
End Date: December 15, 2050
Total Budget: $500,000
Company: [YOUR COMPANY NAME]
Company Number: [YOUR COMPANY NUMBER]
|
Category |
Allocated |
Spent (as of Jan 2024) |
Remaining |
|---|---|---|---|
|
Labor |
$150,000 |
$50,000 |
$100,000 |
|
Materials |
$100,000 |
$35,000 |
$65,000 |
|
Equipment |
$120,000 |
$50,000 |
$70,000 |
|
Miscellaneous |
$130,000 |
$20,000 |
$110,000 |
II. Cost Control and Expense Monitoring
Expenses are tracked monthly to ensure the project stays within budget.
Tracking Method: Monthly reports via financial software.
Cost Control: Variance over 5% triggers a review.
Report Date: 10th of every month, starting February 10, 2050.
III. Forecasting and Adjustment
Budget forecasting helps manage and adjust for changes.
Forecasting: Bi-weekly updates based on progress.
Adjustments: Adjustments proposed if budget exceeds 5%.
|
Period |
Estimated Cost |
Adjustment Needed |
Comments |
|---|---|---|---|
|
February 2050 |
$510,000 |
$10,000 increase |
Labor delays |
|
March 2050 |
$490,000 |
None |
Stabilizing costs |
|
April 2050 |
$500,000 |
None |
Expected stability |
IV. Stakeholder Communication and Reporting
Stakeholders receive updates on budget status and risks.
Report Frequency: Monthly, starting February 15, 2050.
Format: Summary of key budget metrics and adjustments.
