4 Tutorials that teach Budget Methods and Evaluation
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Budget Methods and Evaluation

Budget Methods and Evaluation

Author: Dan Opstal

This lesson provides an overview of budgeting methods and evaluating project budgets.

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Terms to Know
  • Actual Budgeting

    A project budgeting technique that uses only real costs to determine a project budget

  • Analogous Estimating

    A budgeting technique that uses budgeting information from prior projects to determine a budget for a current project

  • Reserve Estimating

    A budgeting technique that identifies money that should be added to a project budget to manage potential project overages