Why FF&E Budget Tracking Must Go Beyond Budget vs. Actual
Track budget, estimate, commitment, and forecast separately. This gives the project team visibility into costs before invoices reveal the damage.
A project can show $280,000 in actual spending against a $500,000 FF&E budget and still be financially exposed. For example, another $150,000 may already be tied to purchase orders...
Why FF&E Budget Tracking Must Go Beyond Budget vs. Actual
Track budget, estimate, commitment, and forecast separately. This gives the project team visibility into costs before invoices reveal the damage.
A project can show $280,000 in actual spending against a $500,000 FF&E budget and still be financially exposed. For example, another $150,000 may already be tied to purchase orders...
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