What is the difference between Cost Estimates and Budget?

budget estimate

Cost Estimates and Determine Budget are two different processes of the Cost Management knowledge area. A question that should come up here is the difference between Estimates and Budget. Aren’t both talking about how much money is needed to deliver the project? In this video, we look into the difference between the two.

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About Shoaib Qureshi

Passionate Project Manager. Managing projects with precision since 2011. Simplifying Project Management - powered by PMC Lounge.

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