The person who says it will take the longest and cost the most is the only one with a clue how to do the job.
—Mike Harding Roberts
In this chapter, I talk about project budgets, the last item in project planning. I cover how to build the budget, including all the components that make up the budget. Then I move on to budget reconciliation—in other words, what you can do when your budget is more than the amount provided in your order of magnitude estimate.
I also spend some time describing the cost baseline. You must understand the importance of this concept before you begin ...