Budegeting stuff
Budgeting Overview: A total projected cost over a defined period of time. Why It determines the overall direction, before agreeing all parties, (stake holders) sustainable aspect of a budget (bringing some money back in) a measure of performance time Return on investment (what the return on investing in the project) (for stakeholders) Inco me: Expense: It might not be financial but labour intensive. Breaking down the different elements what you need, breaking down what you will need to hire and get to make the project (people, materials) Researching funding. what funding avenues for a project (Companies to apply a fund for) Breakdown of Hours: (estimate on time) Labour Materials Tracking Budgeting: Types: Analogous estimating - amylase an already completed budget - Parametric estimating: - Historical data to estimate your project scope - using similar projects to estimate the cost of your own project Top down method: - Proje...