The Navigator section allows you to see records that are pending workflow approval, or have already been approved. Click on the record type to easily navigate to that module. Note: The modules that you see in the Navigator section are controlled by the options you selected on the My Settings page.
The Budget section shows you the Target Budget (from the Project form) vs. Anticipated Cost that pull from the Cost Management modueles (Commitments, Miscellaneous Invoices, etc.)