Project Budget

Purpose: This document provides a detailed breakdown of projected versus actual costs throughout the lifecycle of a project. It helps project managers monitor and analyze financial performance to identify cost overruns and make informed adjustments.

Project Overview

Project Name: {projectName}

Project Manager: {projectManager}

Start Date: {startDate}

End Date: {endDate}

Client: {clientName}

Budget Approved By: {budgetApprovedBy}

Budget Summary

Cost Breakdown by Phase

{#phases}

{phaseName}

• Estimated Cost: {phaseEstimated}
• Actual Cost: {phaseActual}
• Variance: {phaseVariance}
• Notes: {phaseNotes}

{/phases}

Key Financial Risks

{#risks}

• {riskTitle}: {riskDescription}

{/risks}

Actions and Adjustments

{#adjustments}

• {actionTitle}: {actionDescription}

{/adjustments}

{^hasOverrun}

Note: The current project budget is within the approved limits. No further action is required.

{/hasOverrun}

{#hasOverrun}

Warning: Project costs have exceeded the approved budget. Please review the action items above and submit a revised budget plan.

{/hasOverrun}

Approval & Signoff