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Project Budget

1. How important is coming up with a realistic project budget, and what is the function of the contingency factor in developing a budget? Be sure to include discussions on your views of "padding" the budget. Add a cite references to support your arguments.

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One cannot undermine the importance of having an accurate or realistic project budget as it of crucial importance for the smooth and timely completion of the project without any hindrances and as per originally planned scope.

An accurate and realistic budget helps us to identify which resources are available and what additional requirements will come up during the course of the project, thereby providing ample opportunity in advance to prepare for such requirements. Realistic budgeting also helps ...

Solution Summary

How important is coming up with a realistic project budget, and what is the function of the contingency factor in developing a budget? Be sure to include discussions on your views of "padding" the budget. Add a cite references to support your arguments.

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