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IT Budgeting

Keeping track of your dollars makes a lot of sense

In the context of an IT department, for example, a budget is attributed for each period (either per quarter or per year). The challenge is to allocate this budget to various projects and items and to divide financing for long term projects over multiple budget periods. This activity is often linked to budget reviews and approvals, which requires the ability to manage different versions of the same budget.

• Project Cost and Budget Management
• Project Cost and Rate Management
• Cash Flow
• Split budget over several years, budget review
• Budgeting capabilities for IT, with multi-rate and multiple currencies

Cost tracking is essential to measure project performance vs. budgets. Genius Project compares planned vs. actual expenditures vs. estimated work for completion, to highlight budget drifts.

With Genius Project all of the elements necessary for cost and budget management of your projects are at your fingertips. Reporting, managing and the ability to have an overview of the discrepancies, provide a clear and accurate picture of budget status.

Genius Project is a project management software that allows you to calculate and adapt your budget management, regardless of whether your budgets are annual, quarterly or based on one or multiple cost centers. After assessing your fees and defining your purchases and expenses, Genius Project allows you to establish a preliminary estimate of fees and costs. By readjusting resource costs and personnel used, you are able to carry out contingency calculations.

Genius has the ability to maintain multiple rate matrices that establish bill and cost rates for labor, expenses, materials and others, and it can do so in multiple currencies.

Genius’s intuitive tables show required cash flow for each project period (months or weeks) including labor costs, purchases and expenditures.