Let's talk money. Budgeting in the project management world is a complex process, involving many different parties and documentation. Learn how to create and manage a real-world project budget, and about the importance of procurement in project management. If you don’t know what that means yet, sit tight - you’ll understand that concept soon enough.
0:00 Introduction
0:24 The Importance of Budget Setting
6:13 Key Components of a Project Budget
11:03 Creating a Project Budget
17:43 Maintaining a Project Budget
22:37 Understanding Procurement
25:44 The Procurement Process
29:29 Common Procurement Documentation
33:36 Creating a Statement of Work
39:19 Obtaining Procurement Support
42:37 Ethics in the Procurement Process
47:27 Wrap-up
This video is part of the Google Project Management Certificate, which introduces learners to project management fundamentals including various approaches, tools and templates, goal-setting, risk management, team dynamics, and data-driven decision making.
The program, created by Google employees in the field, is designed to provide you with job-ready skills in about 6 months to start or advance your career in Project Management.
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