Financial guidelines: How to create your project budget

Budget is one of the most important aspect of a project. Without a well-defined budget, it is nearly impossible to get stakeholders and partners convinced to support your project. So what is this Budget? – It is basically the cost the cost that your projects will incur. It includes all costs within the project such as salaries, office spaces, equipment, consultants, traveling etc. and wait, don’t forget to include taxes and indirect costs!

Blogs/Tips

• thebalance.com/create-a-project-budget-2779550
• projectsmart.co.uk/creating-a-project-budget-what-you-need-to-know.php

Cost Estimation Techniques

• brighthubpm.com/project-planning/55091-use-project-cost-estimating-techniques-in-projects/

Tools used for cost estimation

• brighthubpm.com/project-planning/54986-tools-used-to-estimate-costs-in-project-management/
• housetheatre.org.uk/wp-content/uploads/ideastap-How-to-write-a-project-budget.pdf