Tracking costs in Excel: benchmarks

Project costing requires the rigorous implementation of project and cost management tools and methods. There are many tools available, with varying degrees of complexity and ease of use, but most projects are managed using a very simple tool: Excel .

Using Excel provides a simple, easy-to-use view of data for immediate use by users.

The purpose of this sheet is to present a concrete example of how Excel can be used to manage costs and expenses in a project. This Cost Summary Report (CSR) enables you to retrieve actual cost data and forecast the remaining work to be done, in terms of both costs and hours.