What is a Project Spend Plan?

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What is a Project Spend Plan?

A project spend plan is the combination of funding sources, specific funding amounts, and start/end dates that determine the budget of a project. The information you enter in a project's spend plan will be used to calculate the following:

Budget: calculated based on the remaining funds assigned to a project divided by the number of months until the project can no longer use the funding source.

Planned Rate: a linear calculation that determines the amount that would be spent in a day if the funds were evenly distributed throughout the allotted time.

To learn how to create a project spend plan, see the Add a Project Spend Plan article.

 

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