Project Budget

A Project Budget is the total estimated cost of completing a project, including expenses like resources, materials, and labor. The budget helps ensure that the project is delivered within the financial constraints set by stakeholders.

• How to manage it:
  • Create a detailed breakdown of costs, including contingencies for unexpected expenses.
  • Track spending regularly against the budget to ensure you stay within limits, and adjust as needed.
  • Tip: Use project management software to track costs in real-time, making it easier to monitor spending and identify cost overruns early.

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