Project Management 4. Establish the Budget

A budget is an itemized estimate of the costs of producing a project as well as realistic projections of any revenues that might be received from that project.

Specifically, setting a budget involves the following activities:

a. Estimating the expenses of the project
b. Estimating revenues (if any) from the project
c. Estimating the total budget of a project

Continue with the next post, Project Management 4a. Estimating the Expenses of the Project.

© Copyright 1996-2012. Saul Carliner. All rights reserved.  If sharing or excerpting, should be properly cited.


About idmodelsandprocesses

Exploring, reporting, teaching, and advising on learning and communication for the workplace and consumers.
This entry was posted in Project Basics. Bookmark the permalink.

Please add to the conversation.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s