Common Budget Challenges

Let's take a quick review of the common challenges that a project manager faces when figuring a project budget. By increasing awareness of these factors, you can work proactively to avoid these in your own situation. Based on weak foundation The budget is built upon the planning foundation created by the WBS, resource estimates, effort estimates, and the project schedule. An inadequacy in any of these elements is directly reflected in the budget. Missing cost categories The budget needs to...