Budget Plan

 

Description

 

The output is to create a budget plan for the duration of the project. The budget plan should include estimate for doing actual wok and estimate for other expenses by month. These estimates are based on the work efforts involved and selected resources for that work, from project plan and resource plan respectively.

 

Process

 

Refer to the References tab below for information on method of output creation

 

Additional Information

 

The budget plan should consider number of hours per day, number of days per month, holidays, vacations, non-project related activities or events, illness, and personal days off. Carefully estimate the effort, as it should not under or over estimate. Communicate with the project team members about how their estimates will be used to improve the integrity of their estimates. Keep track of any changes to the plan and make sure it complies with the project plan.