Your Project Budget

Your Project Budget Course Name Subject Professor Date Your Project Budget Stakeholders in every project require an accurate estimation of the probable costs that a project would incur. As a result, establishing a well-estimated project budget is fundamental for the client’s satisfaction (Larson, 1). The authors reveal that such a document provides the client and other players with a comparison standard throughout the project life. Larson emphasizes that the budget informs accurate project status and assists in variance measurement that directs the implementers in selecting appropriate actions (1). Such an aspect reveals that the detailed project estimates guide routine cost monitoring, inform decision-making, and enable the project manager to allocate resources to the project in a controlled manner. As ...