Project Management JumpStart, Third Edition

Chapter 9

Budgeting 101

In This Chapter

• What makes up a budget
• Estimating techniques
• Estimating costs
• Project estimate accuracy
• Establishing a cost baseline
• Completing the project plan

This chapter concludes the coverage of the Planning processes. You've reached a major milestone in the project's Planning process; the budget is the last Planning document you'll create.

If you're lucky enough to be working on a project where “money is no object” (very doubtful), you still should read this chapter. I'll talk about what makes up a budget, tracking the budget, and establishing a cost baseline. Stakeholders want to know the project costs and whether what you're spending on the project is on track with what you estimated. Stakeholders will use ...