Articles
Budgeting & Cost Control
by Jay D. Project Management SoftwareCost is usually one of the first questions that come up in any project. Making a project budget is an important part of any project management. Various things are there to take into consideration while calculating a budget for the project like employee cost, software expense, necessary equipment purchase, etc.
Project budgets are a reflection of project work and the timing of that work. A comprehensive budget provides management with an understanding of how the budget will be utilized and expended over time for projects.
A report says, "55% of project managers cited budget overrun as a reason for project failure."
In project management terms, an S-Curve is a mathematical graph that portrays relevant cumulative data for a project such as a budget plotted against time. The reason it's called S-Curve is that the shape of the graph forms a curve like a letter "S".
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About Jay D. 
Project Management Software
122 connections, 0 recommendations, 541 honor points.Joined APSense since, November 21st, 2011, From San Jose, United States.
Created on Apr 12th 2019 02:43. Viewed 304 times.
