Unit 5. Budgeting

This materials in this Unit correspond to the materials in Chapter 8 of the Pinto textbook.

In this section we will discuss project budgeting. Here are the unit learning goals:

  1. Describe the role of budgets in project management
  2. Discuss the relationship between budgets and project goals and scope
  3. Identify and evaluate different budgeting techniques
  4. Determine the cost drivers for project budgets
  5. Be able to prepare time-phased budgets
  6. Identify ways of improving cost estimates when preparing project budgets
  7. Discuss the importance of budget contingencies