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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 …
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. …
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. …
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 …
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. …
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 …
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. …