Budgets Report - Burn Rate and Remaining Budget
The Budgets page tracks budget use across all your projects in one table. It shows what you planned, what you have spent, how fast you are spending it, and which projects need attention.
At a glance
| What it is | Budget tracking and burn rate across all projects |
| Where to find it | Finance > Budgets |
| Who can use it | People with permission to view finance |
| Plan | Business |
What the columns mean
| Column | Meaning |
|---|---|
| Project | The project |
| Budget | The budget set for the project |
| Spent | Cost so far |
| Remaining | Budget left |
| Burn Rate | How quickly the budget is being used |
| ETC | Remaining estimated hours at the realized hourly rate from logged time |
| Alert | High burn, Watch, OK or No budget |
How ETC works
ETC uses your own history. Worklenz takes the hours still estimated on the project and prices them at the hourly rate your team has actually realized from logged time. A project with little logged time gives a weaker ETC.
How to set up budgets
A project shows No budget until you set one. Budgets are set in the project, not on this page. See configuration and project budget settings.
Example
The “Mobile app” project has a budget, has spent most of it, and still has many estimated hours. Its alert reads High burn, and ETC shows the cost of finishing at the rate already realized. That is your cue to renegotiate scope or the budget.
Best practices
- Set a budget on every project you want monitored, because projects without one show No budget and no alert.
- Compare ETC with Remaining, because ETC is built from remaining estimated hours.
- Keep task estimates current, because ETC depends on them.