Projects template
Project Budget Tracker
Variance per work package with an over-budget flag that colours itself.
- ✓Instant download
- ✓Every later version free
- ✓Commercial use
- ✓No watermark
- 25
- live formulas, each one recalculated and checked
- 7
- columns: Work package, Owner, Budget, Actual, Variance, % used, Flag
- 4
- figures worked out for you
A PM answerable for project spend · Any organisation running budgeted projects — usually looking for this when the project is halfway and nobody knows how much is left.
Need more than one? All 9 Projects templates for $39 — $114 bought separately. All 66 for $99.
Works in Excel 2013 and later, Microsoft 365, Google Sheets and LibreOffice Calc. Set up to print on one page wide. Version 1, updated 25 September 2026.
There are free templates. Why this one?
There are, and some are fine. The difference is what has been checked. This file was built from scratch, then every formula in it was recalculated by a separate checker that compares each result against an independently worked-out answer — 25 of them here. A template that looks right and totals wrong is worse than no template at all, and that is the usual failing of one downloaded from a search result.
It also opens with sample rows already filled in, so you can see every formula working before you touch it, and it is set up to print without fighting the page setup. No watermark, and you can use it commercially.
About this Project Budget Tracker template
Project budgets rarely go wrong all at once; they drift one work package at a time. This Excel project budget tracker compares budget with actual spend for each work package, works out the variance and percentage used, and flags anything over budget.
The position summary shows remaining budget, the share of the budget used, how many packages are over and the largest overspend.
Good for
- →Project managers reporting spend to stakeholders
- →Catching overspends while there is still time to act
- →Tracking a renovation or event budget by area
What it works out for you
Position
- →Remaining budget
- →Budget used
- →Packages over budget
- →Largest overspend
What is inside the Project Budget Tracker template
The table has 7 columns. Calculated columns fill themselves in; the rest are yours to type over.
- →Work package
- →Owner
- →Budget
- →Actual
- →Variance
- →% used
- →Flag
How to use the Project Budget Tracker in Excel
Enter actuals as they land. Variance, percentage used and the flag update as you go.
The file opens with sample rows so you can see every formula working before you change anything. Type your own figures over them. When you need more rows, insert them inside the existing block rather than underneath it, so the totals keep covering every row.
Functions and formulas it uses
Every one of these exists in Excel, Google Sheets and LibreOffice, so the file behaves the same wherever you open it.
COUNTIFIFIFERRORMINSUMQuestions about the Project Budget Tracker
What is a work package?
A chunk of the project with its own budget and owner, such as design, build or testing. Tracking at this level shows where the money is going.
Should I enter committed costs or only money spent?
Actual spend. If you also want to include costs you have committed to but not yet paid, add them to Actual and note it so the figure is clear.
Can I use it for a non-work project?
Yes. A home renovation or an event works the same way — each room or area becomes a work package with its own budget.
What you get with the Project Budget Tracker
- ✓25 formulas, every one recalculated and checked
- ✓Opens with sample rows already filled in
- ✓Excel, Google Sheets and LibreOffice Calc
- ✓Set up to print on one page wide
- ✓Commercial use, no attribution needed
- ✓Every later version included free
Get the Project Budget Tracker for $12
One payment. The file downloads straight away, and every later version of it is yours at no extra cost.
Buying a few? All 9 Projects templates for $39, or all 66 for $99.
More projects templates
See all Projects →Project Budget Tracker
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