This may be basic information, but the project budget and meeting on-budget delivery expectations is huge in terms of project success and customer and/or executive management satisfaction. So, properly pricing the project – properly estimating the costs that go into the project – is critical for any size engagement. Therefore, it’s always a good time to examine and discuss the elements that go into the overall project budget because as a project manager, you may – if you’re lucky – have some influence of the inputs to the project costs and budget. And it’s a certainty that you’ll be responsible for it – even if you had no input at the beginning of the engagement.
Constructing the Project Budget – Part 1 | Project Management Tips || Project Management, Collaboration and Knowledge Management Blog