- Now, it is time to estimate your project’s budget. Your ProjectSponsor has set a limit on the amount of money you can spend. Youknow your budget will exceed that limit. describe the importance ofproperly establishing a project budget and what controls you canimplement to keep your budget in check.
Expert Answer
IMPORTANCE OF PROJECT BUDGET
The core responsibility of a project manager is the successfulexecution of a project, within the estimated budget, time andquality standards. These three factors: budget, time and quality,constitute the back bone of every single project. But, though timeand quality might be of equal importance in the life
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