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Aprenda Controlling Costs Through Budgeting, Tracking, and Reporting | Execution Phase
Gerenciamento de Projetos

bookControlling Costs Through Budgeting, Tracking, and Reporting

Four Benefits of Controlling Costs

A project's success depends on how well costs are managed. Every expenditure must be accounted for, controlled, and compared to your original projections. Here are four core benefits of controlling costs:

Creating a Project Budget

So, how do you create a realistic budget that takes all costs into account? It starts in the early stages of your project.

Then, once you have a clear idea of that time frame, perform one last check by asking the following questions:

  • Do I need a contingency allowance for unexpected expenses?
  • What's worked in the past for similar projects?
  • What are the expectations and opinions of my team and stakeholders?

1. What is the first step in creating a project budget?

2. Why is tracking and reporting expenses essential in project cost control?

question mark

What is the first step in creating a project budget?

Select the correct answer

question mark

Why is tracking and reporting expenses essential in project cost control?

Select the correct answer

Tudo estava claro?

Como podemos melhorá-lo?

Obrigado pelo seu feedback!

Seção 4. Capítulo 3

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bookControlling Costs Through Budgeting, Tracking, and Reporting

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Four Benefits of Controlling Costs

A project's success depends on how well costs are managed. Every expenditure must be accounted for, controlled, and compared to your original projections. Here are four core benefits of controlling costs:

Creating a Project Budget

So, how do you create a realistic budget that takes all costs into account? It starts in the early stages of your project.

Then, once you have a clear idea of that time frame, perform one last check by asking the following questions:

  • Do I need a contingency allowance for unexpected expenses?
  • What's worked in the past for similar projects?
  • What are the expectations and opinions of my team and stakeholders?

1. What is the first step in creating a project budget?

2. Why is tracking and reporting expenses essential in project cost control?

question mark

What is the first step in creating a project budget?

Select the correct answer

question mark

Why is tracking and reporting expenses essential in project cost control?

Select the correct answer

Tudo estava claro?

Como podemos melhorá-lo?

Obrigado pelo seu feedback!

Seção 4. Capítulo 3
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