The development of costs for each task should be simple and direct and consist of labor, material, and other direct costs. Identify Factors To develop the budget, the applicable cost factors associated with the project tasks are identified. When project costs begin to escalate, revisit the project plan to determine whether scope, budget, or schedule needs adjusting. When a schedule begins to slip, cost is proportionally affected. The budget is often a fairly set parameter in the execution of the project. serves as a control mechanism where actual costs can be compared with and measured to the budget. For this reason, budget estimates are refined in the planning process until they are baselined at project start-up. This parameter may or may not coincide with the actual funds needed to perform the project.
Initial budgetary estimates are often based on availability of funds. The steps associated with budgeting are highly dependent upon both the estimated length of tasks and the resources assigned to the project. At the initial stages of project planning, budgeting is the determination of costs associated with the defined activities. Overview of Project Paralleling the development of the schedule is the development of a budget.
0 kommentar(er)
