Project budgets in Runn help you plan, track, and report on how your people and funds are utilized throughout a project's lifecycle. Whether you're working on a simple engagement or a complex, multi-phase initiative, Runn offers flexible pricing models and budgeting methods to suit your needs.

Runn currently supports:

Although we do not support the contingent model, you can use "Other Expenses" to track these on Time & Materials or Fixed Price projects.

Please note that Fixed Price revenue recognition uses an average effective rate and not a percentage of completion or milestone method.

Budget Methods is about how a project’s revenue is estimated, planned, allocated, and controlled throughout its lifecycle. Essentially, it defines how money will be earned and tracked in relation to project goals.

Click on each budget method to learn more about how to set up the project budget for each budget method.

Project Rates are the amount you charge your clients per hour/day. Runn uses Project Rates to calculate Project Revenue based on the workload added to the project, and compares the Project Revenue against your Project Budget to inform if you are over or below budget.

In Runn, all project expenses that are not related to people's time and labour are referred to as Other Expenses. Add these to your project budget to get a full understanding of all the costs and revenues on your projects.

You'll be able to allocate your labour budget while taking all non-labour costs into consideration.

You can track Project financials from the Performance, Project Team and Phase panels on the Project Dashboard:

Our highly flexible Reports Tool allows you to surface different financial metrics for reporting and analysis: