Fixed project buget

updated on April 7, 2010 by Amit Peer

Priority:	Normal
Assigned to:	TeamWork Live
Due date:	Wed, Apr 7, 2010

Completed Wed, Apr 7, 2010 at 9:03 AM

Hi,

As we use TeamworkLive for managing our projects - it would be very helpful to us having the possibility of adding a project and/or a task with fixed price/budget.

Any chance of seeing that feature in the future?

Thanks,

Amit

Mar 1, 2010 at 7:58 AM

1. TeamWork L., on version 1:
Thank you for the suggestion. Could you explain in more detail what you mean when you say adding a project with a fixed price/budget? Currently, you can specify an hours budget for projects, milestones, and tasks. Do you want to be able to specify a maximum cost (i.e., this project should not exceed $50,000 in total billed hours)?

Mar 1, 2010 at 10:49 AM

2. Amit P., on version 1:
Exactly! Yes, I want to be able to specify a maximum cost.

Thanks for understanding my thoughts :)

Apr 7, 2010 at 9:03 AM

3. TeamWork L. completed the task:
You can now specify a fixed fee budget when creating or editing a project. Click on the "Budget/Time Tracking" link and and choose "Fixed Fee" for the budget type. You can then enter the total budgeted amount for the project.

You can track your budgeted versus actual amount from the project status report. Additionally, you will be automatically notified when the budget has been exceeded.

Apr 8, 2010 at 1:47 AM

4. Amit P., on version 2:
Thank you very much for the quick and perfect execution!

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