Operations & finance

Project budget vs actual tracker

For fixed-fee work, every consumed hour spends margin directly. This is the sheet that shows it happening rather than reporting it afterwards.

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ProjectPhaseEstimated ho…Actual hours to …Hours varia…+5Acme Corp Redes…Build160138=formula

Preview of the actual columns — green cells are formulas

What is in the file

These are the actual columns in the download, with a filled sample row so you can see the expected shape. Cells beginning with an equals sign are formulas and compute when the file opens.

Columns included in the Project budget vs actual tracker template
ColumnSample valueNotes
ProjectAcme Corp Redesign
PhaseBuild
Estimated hours160
Actual hours to date138
Hours variance=C2-D2
Blended cost rate900
Budget cost=C2*F2
Actual cost=D2*F2
% complete (delivery)70Your judgement, not hours-based
Burn vs progress=ROUND(D2/C2*100,1)-I2Positive means burning faster than delivering

How to use it

  • The last column is the signal: hours consumed running ahead of delivery progress is the earliest reliable sign of an overrun.
  • Enter percentage complete from delivery judgement, never from hours — deriving it from hours makes the comparison circular and useless.
  • Review weekly on fixed-fee projects. Monthly is too late to renegotiate.

When the spreadsheet stops scaling

A template is the right answer until the reconciliation between sheets costs more than the sheets save. Workclave records the same data as work happens, applies your policy automatically, and produces the register, the payroll input and the client hours statement from one source. Free for up to 3 users.

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