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  4. 5. Planning Phase
  5. Budget Plan

Budget Plan

Budget Plan is one of the project management document you can create with our project management lifecycle tool.

Budget planning involves summarizing the expenditures and source of funding for the project during the life of the project, by providing an expense or cost breakdown for each work package by fiscal year.

This article shows you how to develop a Budget Plan.

Activity 1: Perform Budget Planning

Provide expense or cost breakdown for each work package by fiscal year. Add as many rows as you need to document all the budget requirements for each work package.

Budget Plan: Cost Breakdown

Then, identify the funding source(s) and the amount to fund for each fiscal year.