Basic Budgeting skills(project, personal)

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Every organisation has a budget for all the projects they undertake. The budget refers to the estimated amount of money to be spent on a project. It includes personnel costs, purchased costs and any applicable overhead costs.

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Budget management helps to set the baseline for project cost. Thus, it guides the actions of the project manager while estimating the cost of the project. These skills help prevent going over budget.

Citations :

Skillioma Home (April 11, 2024) Basic Budgeting skills(project, personal). Retrieved from https://repo.skillioma.com/basic-budgeting-skillsproject-personal/.
"Basic Budgeting skills(project, personal)." Skillioma Home - April 11, 2024, https://repo.skillioma.com/basic-budgeting-skillsproject-personal/
"Basic Budgeting skills(project, personal)." Skillioma Home - Accessed April 11, 2024. https://repo.skillioma.com/basic-budgeting-skillsproject-personal/
Skillioma Home March 26, 2024 Basic Budgeting skills(project, personal)., viewed April 11, 2024,<https://repo.skillioma.com/basic-budgeting-skillsproject-personal/>
Skillioma Home - Basic Budgeting skills(project, personal). [Internet]. [Accessed April 11, 2024]. Available from: https://repo.skillioma.com/basic-budgeting-skillsproject-personal/
"Basic Budgeting skills(project, personal)." Skillioma Home [Online]. Available: https://repo.skillioma.com/basic-budgeting-skillsproject-personal/. [Accessed: April 11, 2024]

Power Words :

  • estimated
  • coordinator
  • miscommunication
  • unreasonable
  • contingency
  • probability
  • estimating

 

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