Project Budgeting Best Practices

PMBOK
Knowledge Center

 

Next Topic

PMBOK > Best Practices > Project Budgeting Best Practices

Project Budgeting Best Practices
Michael

I love to know please how budgeting can contribute to the success or failure of a Project? Specific steps and attentions on the Project. (...) Read more? Sign up for free
 

Please register now to read all responses and to join this discussion yourself. It's easy and 100% free.

Sign up for free     Log in


 
Project Budgeting
Jill Mack

Project budgeting best practises for me:
- Ensure you have a procurement strategy in place ensuring that you comply with your preferred suppliers.
- Get 3 quotes, evaluate the 3 quotes and appoint the supplier.
- List all cost you intend in the budget for the business case. Get approval for all cost.
- Ensure that you have a change request budget too. This budget is small and caters for all smaller, unknown items that creep in which you are not aware of, but affect your budget.
- Once all of this has been approved in the business case, all your stakeholders are in the loop of all cost.
I am currently working on a office move project but is a failure due to the budget that was not setup properly which has resulted in a budget increase of 4 million - not acceptable.
 

   

 
Project Budgeting
nan zeng

(...)
 

         
Special Interest Group Leader
Jean-Michel de Jaeger, EMBA, PMP
Management Consultant

PMBOK
Summary
Forum
Best Practices


PMBOK
Knowledge Center

 

Next Topic



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2020 12manage - The Executive Fast Track. V15.4 - Last updated: 5-4-2020. All names of their owners.