Use the Project financiasl report for:

1. Financial Control: Project budgeting helps you maintain financial control by setting clear spending limits and tracking expenses. This ensures that you stay within budget and avoid overspending, leading to better financial management and decision-making.
2. Resource Allocation: By creating a project budget, you can effectively allocate resources such as funds, manpower, and materials to different tasks and activities. This helps in optimizing resource utilization and ensuring that the project progresses smoothly without any resource shortages.
3. Performance Evaluation: Project budgeting allows you to compare actual expenses with planned costs, enabling you to evaluate the performance of the project in terms of cost efficiency. This analysis helps in identifying areas for improvement and making informed decisions for future projects.