7.13. Project Financials

Table of Contents

7.13.1. Project Cost
7.13.2. Project Billing
7.13.3. Cost Estimation and Budgeting
7.13.4. Tracking Project Financials
7.13.5. Earned Value Analysis (EVA)

Completing a project within budget is equally important as finishing it on time. Celoxis can help you in determining budgets for tasks and then track expenditure (e.g. labor cost, material cost and other expenses) against budget. Celoxis can also help you in billing your customers.

You can analyze:

  1. How much you have spent -- Actual Cost.

  2. How much you will eventually spend at the current rate -- Projected Cost.

  3. How much you need to bill your customer -- Billing.

  4. If you have exceeded or are within budget.

With this information, managers can take corrective actions.