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On Time! On Track! On Target! Managing Your Projects Successfully with Microsoft® Project by Bonnie Biafore

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Chapter Ten. Working with a Budget

Why is there so much month left at the end of the money?

John Barrymore

Projects, like most people, have to live within their means. When someone proposes a project, you can be sure that a few of the stakeholders will ask "How much will this cost?" or "How much money will this project make (or save) us?" In fact, by the time you receive your assignment to manage a project, its stakeholders probably have a number in mind, be it the price tag for the project, the return on investment, or the net present value.

As you’ll see in this chapter and other chapters in the book, cost estimates, financial measures such as return on investment, and budgets are all interrelated. One of your tasks as a project manager might ...

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