Project Budget Elements

Keeping a project budget means knowing the difference between a formal budget as kept by the company's finance office and one that's designed to illustrate how much you've spent on any one task. One common misconception, especially in the IT world, is that accounting is the same as budgeting. That's not true. Accounting is designed for external reporting, whereas budgeting is designed for internal informational needs. Accounting looks back on the money you've spent budgeting looks ahead....