Estimates & Budgets

Key Words: project cost management, estimate, budget,  project estimate, project budget, control
Area of PM Application: Universal
(See IAC #1001)
Topic Level: Process
(See IAC #1002)
Related Topics: Project planning, WBS
Reference: Wideman, R.M. Cost Control of Capital Projects, BiTech Publishers Ltd., 1995

Why can't you use an estimate as a budget?

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