Project Budget.

The initial business case analysis and the project budget baseline. This should also include the EVM reporting template and other input details of costing like personnel costs, contractor costs, contract information, etc.

Tip: The project budget section needs to show the financial plan for this project $($the budget cost baseline$)$ in detail and accurately. Provide a breakdown between cost types $($for example, labour, materials, equipment, etc.$)$ and detail the allocation of costs to each category of expense.

It would be very informative if you supported the cost baseline chart by showing the budget breakdown in a table $($Gantt chart, Excel, etc.$)$ i$.$e$.$ the breakdown of each task$/$cost item against a timeline, with appropriate explanations if necessary. Remember that this is the plan for managing the entire project, so while you are not aiming for the lowest level of detail, the clearer and less ambiguous the cost budget baseline information, the more likely you are to assure project success.

The project budget cost baseline can be powerfully concise if you include an EVM chart with a PV line, i$.$e$.$ show cumulative planned costs. $($As the project progresses, use this in the progress report and update it with EV and AC$.)$

If necessary, do some research on project budget cost baseline and EVM $($EV$/$PV charts$/$diagrams$)$ before answering this section.