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How do I track project cost against the cost budget for my fixed price projects?

Runn does not have a native cost budget tracking feature. However, here's a workaround for you.

Use a custom field to display the cost budget side by side with project cost

How does Runn calculate project cost?

Runn calculates project cost based on the Default Role Cost assigned to each role, which you can find under Manage > Roles. You can also set a custom cost-to-business for each individual person under their contract settings.

Set up a cost budget for a project

  • Create a project text custom field and name it something like Cost Budget from Manage > Custom Fields

  • From the project, set your project pricing model to Non-billable (this means no revenue or profit will be shown).

  • Edit Project Details > Add the cost budget value to the Cost Budget custom field

  • In Reports, add both the Cost Budget and Project Cost columns so you can view them side by side.

Note: This approach does not automatically calculate budget remaining. You can export the data and calculate the budget remaining in your spreadsheet tool.

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