How to create a budget

**This feature is only available in the Synergy Business and Enterprise editions.** 

Checklist

• A work breakdown must be created before budgeting. 
• Check the stages have the correct fee types selected and agreed fees/cap (if applicable).
• Check the stages have the correct rate group selected. 

Read more about setting up a full work breakdown structure.

The budget area is available by going to the Project drop down > Plan > Budget.

From here, you will see your work breakdown, and it will include all phases, stages and tasks previously entered. 

To allocate a rate

By default, any stage specific tasks created in the work breakdown are listed without a rate. Select the rate drop down against a task to assign a rate. All rates listed in this drop down is determined by what is available in the rate group selected against the stage. 

Select staff

Specifying staff on the budget is optional, but the staff member you can choose is restricted by the rate selected. 

Enter units

As you enter units for the budget line, the 'Rate value/markup' and 'Budget total' columns will update accordingly.

Split units

If there are more than one staff working on a particular task, you can enter the sum of the estimated units then use the split function to easily create another budget line.

Lumpsum 

A lumpsum value is available at the bottom of the rate list, simply enter a total value to update.