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Project Budgeting
Project budgeting estimates the cost of defined work, establishes an approved cost baseline, and compares actual and forecast costs with that baseline. It gives decision-makers a traceable view of affordability and cost risk.
itEngineering leadership and delivery management | OpenSkills.info
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Intro
Project Budgeting
A project budget connects a defined scope and schedule to traceable cost estimates, reserves, actuals, forecasts, and decisions.
Why it matters
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Where this skill leads
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Sources
- https://www.gao.gov/products/gao-20-195g
Supports
- A project budget connects a defined scope and schedule to traceable cost estimates, reserves, actuals, forecasts, and decisions.
- https://www.gov.uk/government/publications/project-delivery-functional-standard
Supports
- The terminology, workflow, controls, decisions, and limits presented in this course