Webinar

Upcoming: Project Budget and Pricing Upgrades in Projectworks

We're upgrading how you price projects and build budgets in Projectworks. This is a foundational change, and we want you to stay informed so that you can manage the transition smoothly.

Watch now
Projectworks logo hollow

Save Time and Work Flexibly

In this webinar, Projectworks' Charlotte Steel and Vijay Raghuraman share an exclusive demo of the pricing and budget changes in Projectworks, including:

- How to build a project budget flexibly at the budget line/timecode level

- How the new budgeting functionality lets you budget for projects involving a combination of fixed fee and T&M work

- How “shadow resources” will be renamed “placeholders”, which can be allocated timecodes

This session has particular relevance for large organizations using Projectworks to deliver complex and/or long-running projects.

Watch now

Why are accurate budgets important?

How are budgets built in Projectworks currently?

New workflow demo + use case scenarios

Watch on-demand

Complete the form to access the recording.

FAQs

When are the upgrades happening?

The upgrade is anticipated to be launched in Q2 (Apr - Jun) 2025. Email and social communications will ensure you are informed of the exact date of the release at least 3 weeks prior to it going live.

Do we need to have anything prepared before migration?

No.

Do we have to migrate our existing projects?

Your existing projects will be automatically migrated as part of the upgrade. You won't need to do anything.

After the upgrade, pricing will be managed at the Budget and Timecode levels rather than at the project level. You will have two fee types available - “Top-Down” and “Bottom-Up.” In some cases, particularly if your projects previously used the Timecode Hourly Rate (hours × rate) mode, we have added placeholders or set a Top-Down fee on your Timecodes. This ensures that your budget amounts and allocated hours are preserved during the migration, with no impact on your downstream workflows.

Will you be offering re-training sessions for my team to learn this?

No. The changes are expected to simplify the budget-building process. Help articles will be available post-launch, and as always, any technical issues can be reported to support@projectworks.com.

Can we go back to the old user interface once the changes have been rolled out?

No. This is a mandatory, one-time upgrade for all tenants that will not be reverted.