---
title: Allocate budget to a project
description: Set the budget of a project according to the fiscal years.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/it-business-management/project-management/allocate-budget-to-project.html
release: australia
product: Project Management
classification: project-management
topic_type: task
last_updated: "2026-03-12"
reading_time_minutes: 4
breadcrumb: [Starting a project, Using Project Management, Project Management, Project Portfolio Management, Strategic Portfolio Management]
---

# Allocate budget to a project

Set the budget of a project according to the fiscal years.

## Before you begin

Role required: it\_portfolio\_manager

## Procedure

1.  Open the project form.

2.  In the related links, select **Project Budget**.

    The **Project Budget** dialog box opens.

3.  Select the fiscal year for which you want to set the budget for the project.

4.  Enter the amounts for **Capex Budget** and **Opex Budget**.

    The **Total Budget** is updated with the sum of capex and opex amounts.

5.  Select **OK**.

    -   If the project does not have any cost plan associated, then project budget is distributed by honoring planned start and end dates of the project.
    -   If the project has any cost plan associated, then project budget is distributed by honoring the cost plan fiscal periods.
    **Note:** Negative budget amounts are supported. If you enter a negative **Capex Budget** or **Opex Budget** amount, or the associated cost plan has a negative total planned cost, the project budget is still distributed across the cost plan breakdowns and rolled up to the project financials.


## Result

The project budget for the selected year appears in the **Project Budget** related list. You can select the amounts in the list to revise them.

**Parent Topic:**[Starting a project](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/project-management/t_CreateAProject.md)

**Related topics**  


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[Create a parent-child relationship on the Project Task form]()

[Create a monetary benefit plan for a project]()

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[Migrate budget of active projects to Next Experience]()

[Migrate financial baselines of projects to Next Experience]()