How to Create a Project Budget

Рет қаралды 34,113

Жыл бұрын

Is it your first time creating a project budget and you’ve got no idea where to start? In this video, I’m talking all about how to create a project budget that is realistic without it being a total headache.
We’ll talk about:
- What is budget in project management?
- How to create a successful project budget for the first time
- Project budgeting tips that will lead to a successful project
- What is project budget setting and why a project budget is important
- What does the project budget creation process look like?
- How to develop a project budget that guides you through your project
- How to estimate budget for project planning
So, project manager, stay tuned for this whole video to learn all about budget in project management.
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➡️ Videos mentioned:
Project Scope Statement [IN 4 EASY STEPS]: • Project Scope Statemen...
Project Risk Management [OVERVIEW AND GUIDELINES]: • Project Risk Managemen...
The ABCs of Project Cost Management: • The ABCs of Project Co...
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Thanks for watching my video “How to Create a Project Budget”: • How to Create a Projec...
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Пікірлер: 34

@AdrianaGirdler Жыл бұрын

Thanks for watching. 🌟 Don't forget to sign up for my Free Online Training and learn THE FAB FIVE FUNDAMENTALS OF PROJECT MANAGEMENT. Click here to register: www.slayprojectmanagement.com/webinar

@nagmasayyed9316 10 ай бұрын

Great explaination

@Chandrikagummaluri 10 ай бұрын

Very informative and helpful! thank you

@AdrianaGirdler 10 ай бұрын

You're very welcome! Thanks for watching, cheers!

@igweesther1488 3 ай бұрын

Insightful

@ham472 4 ай бұрын

Thank you for the video 🙂

@AdrianaGirdler 4 ай бұрын

You’re welcome 😊 Thanks for watching, cheers!

@AtangaAtungmbiComfort-tz8bc 3 ай бұрын

True very helpful to some of us

@AdrianaGirdler 3 ай бұрын

Glad it was helpful. Thanks for watching, cheers!

@easternhealingarts33 Жыл бұрын

Memory and Heart shalom 😘

@markgraham3667 Жыл бұрын

Great video, very pertinent

@AdrianaGirdler Жыл бұрын

Glad you enjoyed it! Thanks for watching, cheers!

@sudattdave 9 ай бұрын

Hey Adriana , Great work ! I was wondering why are resources not accounted for in the calculation of project cost ? Am i missing anything !?

@AdrianaGirdler 9 ай бұрын

Hi @sudattdave. Resources can be a person, team or tool as you know and these should be assessed and allocated before a project begins within your Scope Statement. Once you know what will be in scope and out of scope you will be able to start allocating a budget to each item, team, tool etc. Hope this helps. Check out this video I have on the 6 Major Scope Statement mistakes to avoid. kzfaq.info/get/bejne/d76npNJyyJ3Jo5c.html Thanks for watching, cheers!

@beyonceandmichelle6208 6 ай бұрын

Thank u so michhhhh

@AdrianaGirdler 6 ай бұрын

You're welcome! Thanks for watching, cheers!

@timothystudlo4779 Жыл бұрын

Thanks for all those wonderful budget tips, this video is Gold. Numbers have never really been my thing, I feel like I have a better understanding of budgeting a project now after this video, or at least the different kinds of costs that need to be considered. What is your take on if you come to the end of the project and you have money left over? Is it better to find something to spend the money on that can add extra value to the project, reallocate the money to another part of the project, or bring the under-budget leftovers back to the steering committee to decide what to do with the leftovers with suggestions. In my little experience in dealing with finances whenever my team was allocated money to spend, there would always be this big rush towards the end of the year to spend it. This type of rushed spending always resulted in poorly executed purchases or products that weren't used. It feels like if you don't spend the money you truly do lose it. It seems like you get punished for coming in under budget. Happy to know your thoughts. Thanks.

@AdrianaGirdler Жыл бұрын

I am so pleased that you found this video so helpful! Come and join the waitlist to be one of the first to access my new program SLAY Academy. It will feature an online curriculum and weekly live calls with me!!! www.cornerstonedynamics.com/slay-academy-waitlist/ Wishing you all the best, cheers!

@AtangaAtungmbiComfort-tz8bc 3 ай бұрын

Thanks l am with you ma 😊

@AdrianaGirdler 3 ай бұрын

Welcome 😊 Thanks for watching, cheers!

@Arhinful79 3 ай бұрын

Very intellectual

@warispirzada9546 Жыл бұрын

Very productive

@kamalnaghili8154 Жыл бұрын

Dear Adriana, I admire your insightful content and expertise in project management. As I pursue a career in this field, I would greatly appreciate your guidance. Could we connect to discuss my aspirations and seek your valuable advice? Thank you for considering my request. Best regards, Kamal Naghili

@AdrianaGirdler Жыл бұрын

Hi Kamal, I will be launching a new program called SLAY Academy this coming September. It will feature an online curriculum and weekly live calls with myself! The wait list is now open and you can sign up here www.cornerstonedynamics.com/slay-academy-waitlist/ In the meantime I have a free Webinar that you can check out! In this free training I walk you through the five key items needed on all projects, it's what I call the FAB FIVE FUNDAMENTALS OF PROJECT MANAGEMENT. The FAB FIVE are the 5 key items that you must do on every project - if you only do 5 things, these are them! It’s a great way to simplify projects, while still doing the essentials needed to ensure project success. Save your seat here: www.slayprojectmanagement.com/webinar Cheers!

@paulapoblete1090 Жыл бұрын

Hi Adriana, do yoi have 1:1 sessions. I would love to explore a BA-> PM transition.

@AdrianaGirdler Жыл бұрын

Hi @paulapoblete, I do have a new program that will be launched shortly called SLAY Academy! Not only does it feature an amazing online curriculum but also weekly live calls with myself! Join the waitlist today to be one of the first to access this new coaching program www.cornerstonedynamics.com/slay-academy-waitlist/ Thanks for watching, cheers!

@kiwifrenchie6036 4 ай бұрын

1. Define the scope of project.( understand the details ) 2. Identify direct and indirect cost. ( renewal subscription fee, maintenance fee ) 3. Identify contingency cost. ( unexpected risk causing cost ) 4. Determine budget format. ( talk to sponsors and financial person ) 5. Allocate budget. ( different tasks needs different budgets ) 6. Monitor and manage the budget. ( track every expense )

@AdrianaGirdler 4 ай бұрын

Thanks for watching and taking the time to comment. Cheers!

@kiwifrenchie6036 4 ай бұрын

@@AdrianaGirdler I like brief on point videos

@user-nb2so2nl5m 11 ай бұрын

I did not receive a free "why my projects struggling?"

@AdrianaGirdler 11 ай бұрын

@user-nb2so2nl5m have a look in your junk folder to see if has ended up there. In the mean time here is the link again, www.slayprojectmanagement.com/freebie?KZfaq&

@easternhealingarts33 Жыл бұрын

~~~ Hello Sister I 🙈 you 🌆🐄🌹🦂😇😘🕊️🦁🐯💯🙃👽💘😻~~~

@AdrianaGirdler Жыл бұрын

Thank you and thanks for watching, cheers!