Setting Up and Reviewing a Project Budget
In previous versions of Microsoft Office Project, if you wanted to compare your planned costs in your project plan against your budget numbers for certain categories, you had to take numbers out of Microsoft Project, categorize them in ways that match your budget categories, calculate them, and then compare them. Much of this was likely done outside of Microsoft Project.
In Project 2007, there is a strategy to set up and enter values for budget categories within your project plan by using the new Budget Cost and Budget Work fields. You can identify which resources belong under which budget category. You can then group the resources by budget category and compare them against your budget amounts.