What is a project budget template used for?

A project budget is the total estimated cost of completing each project activity over each phase of a project. It’s important as it helps set expenditure expectations and is critical in getting project approval, ensuring funds are ready at the right time, and measuring performance. This is a dynamic document that is constantly updated, monitored, and reviewed throughout the project.

How is a project budget different from traditional budgeting?

A traditional budget is focusing on a company or department over a specific period of time and covers all activities during that time period. A project budget is focused on one project and only accounting for expenses related to that project.

Download this template for additional instructions.

The content and templates are provided for informational purposes only and are provided as-is and as available basis. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.
All content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. For questions or advice regarding your business’s specific circumstances, please consult your business financial advisor. Nothing in the site constitutes professional and/or financial advice, nor does any information on the site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. Divvy is not a fiduciary by virtue of any person’s use of or access to the site or the templates provided herein. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content on the site before using the templates provided or making any decisions based on such information or other content. You agree not to hold Divvy, its affiliates or any third party service provider liable for any possible claim for damages arising from your use of the templates provided herein or any decision you make based on information or other content made available to you through the site.