Cost Control Template
This template is a simple cost control spreadsheet.
It compares the planned budget for various project elements against actual expenditure.
Any budget overspends or under spends are shown against each item, both as a cost and percentage.
Budget overspends are highlighted in red.
Figures for the “Budget” column would be set at the planning stage of .
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Customizing The Cost Control Spreadsheet
In this spreadsheet sample for project cost control, the project elements “hardware”, “software” etc may be deleted and replaced with whatever is appropriate.
Figures in the “Budget” and “Actual” columns may be replaced without affecting the spreadsheet formulas.
If additional rows are required, these may be inserted using the “Insert” menu on the .
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Keeping to The Budget
Project management is a method of planning and monitoring the success and costs of a specific project.
The range and scale of projects is huge, and they mostly have to be completed within the boundaries of a fixed budget.
Spreadsheets are very useful in recording budgets and expenses, and are an essential tool in monitoring project costs.
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What is a cost control spreadsheet?
This template is a simple cost control spreadsheet.
It compares the planned budget for various project elements against actual expenditure.
Any budget overspends or under spends are shown against each item, both as a cost and percentage.
Budget overspends are highlighted in red.
,
What is a project cost control template?
The template calculates subtotals and total project costs, and summarizes budgeted versus actual expenses at the top.
Add descriptions and notes for a detailed project cost control template.
Use this template to create a budget for multiple projects or project phases.
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What is cost baseline & cost control?
Cost Baseline:
Provide the WBS for each project task or category of tasks cost estimation method and method of funding for the project.
Cost Control:Detail the metrics used to keep the project under its set cost thresholds. ,
What is project cost tracking Excel template?
Project cost tracking Excel template is used for the purpose to monitor and track the expenses for each activity of the project in detail.
To efficiently track the project costs, it is recommended to have a project budget plan in hand.
Tracking the project cost from the budget plan helps to keep the expenses within the defined limits.