Project Management Course Preparing Bugets

26 December 2008

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Project Management Courses Preparing Bugets

Prepare Budget. First, the Project Manager reviews the responsibilities in the charter. Then he reviews the staff definition. Based on these, he determines which roles will be full time, and which ones part time. He then creates a budget for salaries. Lastly, he creates an expense budget.

Obtain Budget Approval. The budget is presented to the sponsor or other appropriate executive or committee for approval. It may be delivered as either an independent budget, or as an addendum to an existing budget.

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