Project Budget: Locking of the Budget

After the project budget has been agreed upon, you can lock the original figures from further editing. After the original values are locked, you can still update the revised budget figures. This gives you the ability to control how accurately the budget was estimated.

When you decide to prevent any changes to original budgeted values of the project, you click the Lock Budget command on the More menu of the Projects (PM301000) form. When the action is applied for the project, on the Revenue Budget and Cost Budget tabs, the following columns become read-only:

• Original Budgeted Quantity
• Unit Rate
• Original Budgeted Amount.

You can still edit the budgeted values in the Revised Budgeted Quantity and Revised Budgeted Amount columns.

Once you decide that making changes to original budgeted values are allowed for the project, you unlock the project budget by clicking Unlock Budget command on the More menu of the Projects form.