Describe some challenges in a project budget and what you can learned from them?

Question

Describe some challenges in a project budget and what you can learned from them?

Answer 1

Some of the challenges in a project budget are as follows;

1. Unreliable Cost Estimates forms the bedrock of the budget cost estimates and getting it wrong will lead to excessive cost overruns which the clients or stakeholders will frown upon.
2. Lack of good control of the cost budget will also lead to excessive cost overruns