CHAPTER 8
The Budget (Criteria 9–15)
This chapter on budgeting concludes Part III on project planning, probably the most important and most neglected part of any project. Saving budgeting until the final phase of planning must be saving the best for last—doesn’t everyone love preparing budgets? Regardless of your previous experience with budgeting, we intend to make project budgeting as painless as possible. The budgeting process for projects is very similar to budgeting in general, and the basic concepts discussed here can be applied in any situation requiring fiscal control.
Budgeting is the third step in an iterative three-step planning process where the first step involves defining the work (in a work breakdown structure, or WBS) and the ...
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