How to Add Budget Cost in Microsoft Project

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In order to add a budget cost, you need to create one in Microsoft Project. Then, add the budget cost to your project. Here’s how: 

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1. Open your Microsoft Project and navigate to the 'Resource View' group, then select 'Resource Sheet'.
2. In the empty cell under 'Resource Name', type in the name of your Budget Cost resource.
3. Under the 'Type' column, click the dropdown and select 'Cost' for each of your budget resources.
4. Double-click on the resource name to open the detailed settings for this cost item.
5. In the Resource Information dialog box that appears, check the 'Budget' checkbox to designate this as a budget resource.
6. Click 'OK' to save your changes and return to the Resource Sheet.
7. Now, head to the 'View' tab and select 'Task Usage' from the ribbon to prepare for assigning your budget to the project.
8. Right-click on any column header and select 'Insert Column' to add a new column for your Budget Cost tracking.
9. In the field that appears, type 'Budget Cost', then press Enter to add it as your new column.
10. You've successfully added Budget Cost tracking to your Microsoft Project. Now, you can monitor your expenses against the planned budget.