PM520 – Project Budget vs. Project Forecast – What’s the Difference?
Ever set a budget for a trip, only to realize halfway through that you’re spending more than expected? That’s exactly how Project Budget vs. Forecast works in D365 Finance! 🚀
✅ Project Budget = Your original financial plan. The set amount you expect to spend.
✅ Project Forecast = Your real-time financial update. The actual spending trend based on progress.
💡 Think of it this way:
Budget = You plan to spend £1,000 on your trip.
Forecast = Halfway through, you see that hotel rates went up, so now you expect to spend £1,200 instead.
📊 In business terms:
Your budget keeps projects financially controlled, while your forecast helps predict reality and avoid overspending!
👉 How does your company handle project budgets vs. forecasts? Drop a comment! 💬
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