The Project Budget is used by project managers to estimate the total cost of a project,… 1 answer below »

A Project Budget and Cash Flow diagram
Project Budget ID Activities Cost 1 Initiation Phase R 5,000.00 Feasibility Study data Collection data analysis Prepare a project charter Approval of the project charter 2 Planning R 15,000.00 Mobilize project Team Spec Compilation Drawing designs Drawing review Drawing Approval Compilation of the Bill of Material Design Freeze 3 Execution R 25,000.00 Procurement Create Purchase Requistions Place Purchase order material Lead time & delivery Machining of structure Structural Assembling Welding of the structure 4 Testing R 5,000.00 Perform Quality Assurance & control Scope validation based on the Specs Customer Acceptance 5 Closure R 1,000.00 Documentation of lesson learned Archieving of project documents V.A.T R 7,650.00 Total Cost R 51,000.00
The Project Budget is used by project managers to estimate the total cost of a project, includes a detailed estimate of all costs that are likely to be incurred before the project is completed and allows theproject managerto determine how much the project is likely to cost.
Cash Flow diagram





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