Infographic: 5 Steps to Develop a Reasonable Project Budget that Gets Approved

A project budget is a comprehensive financial document that lays out the expense of all the activities a project must fulfill over a defined period. It begins during the planning stage and acts as a baseline throughout the project cycle. Thereby allowing managers to compare the spending and take corrective measures if there is variance.

Further, effective budgeting helps secure the stakeholder’s buy-in easily and leads the project successfully.

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