Project Funding Requirements Project Management Plan Request for Change

Regardless of the method and technique used to prepare the cost budget for the project it is necessary to go through the following three steps to establish a budgeted cost for each work package the total cost of all work packages must not exceed the total cost; to allocate the budgeted cost obtained from the work package allocation to the activities of the work package; to determine the time schedule for each cost and to develop a project cost budget plan.