3 Outputs Of Determine The Budget For Projects

In my previous articles, I have looked at some of the major tools and techniques that can be used when organizations are trying to determine the budget for projects. In this article, I want to look at some of the major outputs to Determine Budget for projects. Follow me as we look at this together in this article.



#1 Cost Baseline

The cost baseline is the approved version of the time-phased project budget, excluding any management reserves, which can only be changed through formal change control procedures. It is used as a basis for comparison to actual results. 


The cost baseline is developed as a summation of the approved budget for different schedule activities. 

3 Outputs Of Determine The Budget For Projects


Share on Google Plus

About crmnigeria


Post a comment

First and Foremost we love to hear from you after you have gone through our articles.

You can comment as Anonymous if you don't have a Google Account. There are also other options apart from Gmail Accounts.

We are also not going to approve any comment that does not relate to what we are discussing on this blog.

Once again, Thanks for visiting our blog.