Budgeting and Cost Control Options

In This Chapter

  • Four classic budgeting mistakes and how to avoid them
  • Factoring in direct and indirect costs
  • Budgeting methods
  • Fine-tuning the budget
  • Controlling the purse strings
  • Calculating the time value of money

“Hey, how long do you think it will take to design the new web-based portal for the CRM?”

“If you mean how long before we can have the portal into the test environment, I’d guess about six months.”

“What do you mean, you guess? I need an estimate for the budget.”

“Okay, I estimate it will take six months to put the portal into the test environment.”

Unfortunately, this kind of dialogue ...

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