Update Budget from Work Assignments

Update project budgets based on work assignments, ensuring accurate financial tracking and resource management.

less than a minute

The Update Budget from Work Assignments feature allows you to update project budgets based on the work assignments associated with those projects. This enables you to create forecast budgets that reflect the planned work and resources allocated to each project. You can also use this feature to create an initial budget for a project based on the work assignments.

On the Resource Board page, you can use the Update Budget from Work Assignments action to update the budgets of the associated projects.

You can either update one of the budget versions defined on the project card (Quote, Original, ETC, EAC) or a specific named budget version. This is controlled by the Copy to Budget Version option. If the selected budget version does not exist on the project, it will be created for you.

If the existing budget includes resource (group) related entries that cover the work assignments, use the Replace Budget option to delete all resource (group) related entries in the budget. This ensures that the budget only includes entries based on the current work assignments.

Note

The work assignments will not be re-linked to the budget entries created. If work assignments were created by importing a budget, the link to that budget version will still be there.