Project Management

Please login or join to subscribe to this thread

how we decide project budget

linkedin twitter facebook   Talent Management  
avatar
Kashif Kalo Assistant Manager| GBC Mirzapur, Hyderabad, Pakistan
how i design a livestock project 
how i measure cost and understand customer value
also successful completion of project
Sort By:
avatar
Danny PMP, PgMP
Community Champion
Senior Consultant Tokyo, Japan
Start by clearly defining the project's scope, objectives, and deliverables. Identify the necessary resources, including personnel, tools, materials, and any third-party services. Estimate costs for each resource category, factoring in labor, technology, and other direct or indirect expenses. Research historical data from similar projects to guide your estimates and ensure a realistic budget. Finally, account for potential risks and unforeseen expenses by including a contingency fund, and review the budget regularly as the project progresses to adjust for any changes.
avatar
Sergio Luis Conte Helping to create solutions for everyone| Worldwide based Organizations Buenos Aires, Argentina
My recommendation is to use PMI Infinity. But you have to stay clear about the project scope which must be defined from product scope.

Please login or join to reply

Content ID:
ADVERTISEMENTS

"The creator of the universe works in mysterious ways. But he uses a base ten counting system and likes round numbers."

- Scott Adams

ADVERTISEMENT

Sponsors