CBS

Woody Allen once said: “Money is better than poverty, if only for financial reasons.” When it comes to the profitability of your projects, all humor should be put aside, but you may stick with Allen’s statement to some extent.

Many things can make life and work more complicated for a project manager, but budget is one of the most peculiar ones. On the other hand, it's great to see in the finance overview that everything is running as it should – not only in terms of timing but also in terms of costs.

Project manager's daily bread? Making decisions. Not all of them are easy to take and require experience combined with intuition. And data. With the first two elements, we cannot help you in any significant way but the third one – decisions based on data – is where you can win with us.

Did you know that even project finances can be visual? This is called Cost Breakdown Structure (CBS). The CBS allows you to quickly see and/or allocate costs to the lowest level of the Work Breakdown Structure (WBS).

Think of the issues you had to deal with managing your last project. Would you agree that some of them had their core in the initiation phase? If so – and if you are about to begin works on the next job – let these proven and feasible tips be your guide to start a new project the right way.

The good news for you is that Easy Project can provide a lot of help in order to visually manage the project's finances so that you always have a clear picture of how much money is involved. Here we present some Easy Project finance features and tools you might use if you want a visual representation of your project's finances as you manage them.

Do not lose money on your projects. Take the opportunity and have a look with us at the basic principles of financial project management and control your income, expenses and the entire project budget.

You may call it Cost Breakdown Structure (CBS) or visual finance management. Easy Project CBS is an integral part of our existing, very popular feature called Work Breakdown Structure (WBS). Thanks to CBS, you can see and manage project and task finances right from the mind map view.

Make your projects more profitable with the new powerful Easy Project 2019. New features like Business Intelligence, Scheduler, CBS Breakdown Structure, and more. Now it's even easier to start with the new Lite version.