Chapter 9

Budgeting 101

In This Chapter

  • What makes up a budget
  • Estimating techniques
  • Estimating costs
  • Project estimate accuracy
  • Establishing a cost baseline
  • Completing the project plan

This chapter concludes the coverage of the Planning processes. You've reached a major milestone in the project's Planning process; the budget is the last Planning document you'll create.

If you're lucky enough to be working on a project where “money is no object” (very doubtful), you still should read this chapter. I'll talk about what makes up a budget, tracking the budget, and establishing a cost baseline. Stakeholders want to know the project costs and whether what you're spending on the project is on track with what you estimated. Stakeholders will use ...

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