Education and Career Forum

What is the cost budgeting?...could u please tell me the details for the same

Originally Posted by Abhilash kH

What is the cost budgeting?...could u please tell me the details for the same

Cost budgeting means to forming the calculated prices of individual activities.

In other words, work packages to set up a price baseline.




Thank you,,,,,,,,

Hi Friend.................

Cost Budgeting is the process for "aggregating the estimated costs of individual activities or work packages to establish a cost baseline, it has to establish a total cost baseline for measuring project performance aggregating the estimated costs of individual schedule activities or work packages

Part of the Planning Process Group

Child Process of Develop Project Management Plan

Member of Knowledge Area Project Cost Management