Project Management for Trainers: Stop "Winging It" and Get Control of Your Training Projects

Creating the Budget

The more complex the project, the more important it is to manage the budget carefully. The budget worksheet in figure 3.5 is an example of a worksheet used to document the budget at the start of the project and then manage the budget as actual project work is completed. Using worksheet software can make this easier to manage.

Figure 3.5. Sample worksheet for documenting the budget at the start of a project and managing the budget as actual project work is completed.

Expense Item	Projected Cost (complete during plan phase)	Actual Cost (complete during manage phase)
Labor
People Contractors Vendors
Environment
Work space Supplies Computer equipment Software Services
Process
Books Methodology Training
Organization
Meeting expenses ...