In the figure below, is a project WBS with budget cost estimation distributed in percentage (%). If the total budget cost is $600,000. What are the estimated budget cost for the following cost deliverables: A) Design B) Programming C) In-house Testing
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
In the figure below, is a project WBS with budget cost estimation
distributed in percentage (%). If the total budget cost is $600,000.
What are the estimated budget cost for the following cost
deliverables:
A) Design
B) Programming
C) In-house Testing
Step by step
Solved in 5 steps
