We’re gonna talk about the most common issues and problems that project managers face while dealing with project budget. Actually, I’m gonna name five of them.
Project budget is the money that you need in order to deliver a project. Actually, here comes everything that you need to pay for in order to get things done. This could be some licenses, equipment, tools, software, team payments, outsourcing payments, procurement payments, insurance payments, whatever that you need to get and wherever that you need to pay for in order to deliver results.
Obviously, managing project budget is a huge responsibility. As this relates to funds, and all the time when you touch funds you are experiencing kind of a pressure. You are going to report what the funds were paid for, what they were spend on, and how you are going to manage it in order to deliver the results efficiently.