Does Smartsheet provide a means of calculating project costs over time?
Hi all,
I'm currently setting up a number of project plans on Smartsheet and need to also implement a budget plan for these, particularly to baseline how costs are projected to be spent over time.
What I am looking for is an in-built means of calculating the sum of resource rates and material costs over time, throughout the various different stages of the project. I know this is possible on MS Project, but can seem to figure out how to do so on Smartsheet.
From what I've read 10,000ft provides a solution for this, but I don't want to make another purchase at this stage.
Can anyone advise if there is a solution on the regular Smartsheet Business Plan I can make use of, or whether I will need to build this capability into the project plans myself?
Many thanks in advance, and I look forward to hearing from you.
Kind regards,
Gerhard da Costa Pinto
Answers
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While Im by no means an expert, I am in a similar boat where we're creating our project infrastructure, including project budget templates. Part of that is understanding project cash flow on a per month basis so we can better forecast upcoming expenditures for any given project any given month.
Obviously a project cash flow isn't perfectly linear (equal amounts per month of duration) but a manual breakdown of schedule with % cash flow is my best approximation to "automate" this task but its by no means a perfect solution - rather a ballpark.
Project
Duration 4 months
Jan, Feb, March, April
20% - 30% - 40% - 10%
Something like that?
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