Planning and Budgeting a Project


Please sign in to view the rest of this entry.

Planning and Budgeting a Project
10102021010204 Planning and Budgeting a Project
Measure twice, cut once. —folk saying
Anything we do just once is a project. Projects are harder to budget because we can’t really use past figures. Even if we did something similar in the past, prices have changed, the way we work has changed, and our goal is different than last time, too. So we need a budget based on what we plan to do this time, not based on what we did before. We create our project plan and budget in three steps: We define the project.
Citation
Sid Kemp; Eric Dunbar: Budgeting for Managers. Planning and Budgeting a Project, Chapter (McGraw-Hill Professional, 2003), AccessEngineering Export