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An estimate of income and expenditure planned for a project.

1 vote

Is there a difference in methodology between low and high budget projects?

The key is that you need to tailor the project management methodology used based on the business value, complexity and criticality of your project. Typically a higher dollar value translates into a m …
Doug B's user avatar
  • 8,899
2 votes

Finding similar projects for cost comparison?

I do know that they look for discrepancies between vendors in terms of time, scope, resources, budget. …
Doug B's user avatar
  • 8,899
2 votes

Calculating and tracking benefits post delivery

For example, if a benefit is reduced effort and therefore headcount the person who owns the staffing budget for that unit has to be accountable for achieving that reduction. …
Doug B's user avatar
  • 8,899
0 votes

Justifying a Project Manager

The only "good" monetary argument you could make is that your company is too small and has too little money to not spend it. If you want to succeed you may have to bite down and take the risk of runni …
Doug B's user avatar
  • 8,899
2 votes

Should a project Manager include his own cost when costing a project?

The budget for a project should capture all costs associated with the entire scope for the project. …
Doug B's user avatar
  • 8,899
2 votes

Trying to develop a Project Health Check tool - How can I show the Health of a Project in Do...

To be honest I just use Word or Excel in conjunction with pre-defined parameters to assess and report project health on a regular basis to my sponsors, project board and key stakeholders. Establishing …
Doug B's user avatar
  • 8,899
4 votes
Accepted

The meaning of & Calculating Project Budget

Budget Cost is essentially the estimate of total project costs at the start of the project. … In those types of contract the supplier takes on the financial risk, so from the customers perspective Budget Cost = Cost of the Project. …
Doug B's user avatar
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