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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

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