Project Budget

PROJECT BUDGET

  • The project budgeting phase is in the project formulation phase.
  • Two types of budgets are to be made.
  • One is the cost category budget (materials, administration, capital; expenditures etc) and the second is the activity budget.
  • This project budget is to calculate the cost of each project inputs.
  • The estimation of the project cost should be made on fairly realistic sense of financial values.
  • In the multi year projects the inflation rate also has to be anticipated in advance.
Last modified: Tuesday, 24 April 2012, 9:58 AM