12/28/2022 0 Comments Cost of you need a budget![]() You do all this prior work to ensure that you don’t waste lots of efforts on the next step. ![]() By the way, I have a separate video on the Project Scope Statement. You need to get approval on what you need to produce at the end of the project. Then you need to write a Project Scope Statement. If you don’t understand it yet consider reading suggest articles. You identify only the requirements that support reaching project objectives. So ideally you start with the Project Charter.īased on the information in the charter, you develop project requirements. You don’t want to get into that statistics, don’t you? “On average, projects go over budget by 27 percent of their intended cost. To create an accurate project budget, you need to identify 100% of project work. You are focusing on the wrong side of the problem! ![]() I need some ninja technique that will magically do the work. When you think about the project budget, what comes to your mind? Before that, I want you to have a correct mindset. We’ll review the project budget example in just a minute. A Mindset That Helps Creating an Accurate Project Budget ![]()
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