Project Budget Management

Project Budget Management is the process of planning, monitoring, and controlling the financial resources of a project. It involves estimating costs, allocating funds, tracking expenses, and ensuring the project remains within its budget. Effective budget management helps prevent overspending and allows for adjustments if unexpected costs arise. By keeping a close eye on financials, project managers can make informed decisions to maximize resources, achieve project goals, and deliver successful outcomes. Ultimately, good budget management is crucial for ensuring a project is completed on time and within financial constraints.