Just as a schedule plan is used as the baseline for measuring progress in terms of âtimeâ, the financial plan is the basis for measuring costs and financial benefits.
âWe havenât the money, so weâve got to thinkâ
LORD RUTHERFORD, 1871â1937
- Plan in summary for the full project.
- Base your costs on the same work breakdown as your schedule.
- Estimate in detail before you start work on the next stage.
- Once a budget is agreed, baseline it. ...