April 2004
Beginner to intermediate
256 pages
8h 58m
English
Cost budgeting begins by accumulating these costs for the entire project. The overall project budget is the sum of all of the bottom-up costs associated with project activities plus any project-level expenses for staff acquisition, overhead, or other indirect costs allocated to the project. For longer projects, you may also need to consider factors such as salary changes and the effects of inflation.
The project budget also includes budget reserve, if any was established for the project during risk response planning. The total of all these costs forecasts the project budget at completion (BAC)
Project budget data can also be combined with schedule development to create a cost profile for ...
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