PM03 Project Planning - Determining Budget

What is the purpose of the budget?

• To evaluate project performance

• To provide information on the necessary funds at any time

• To serve as a tool for mapping activities to funds

• To organize project activities

What is the guiding principle for Budget by type of expenditure?

• Type of activity it is, not what cost it refers to

• Type of cost it is, not what activity it refers to

• Type of cost it is, not what resource it refers to

• Type of resource it is, not what activity it refers to

What is the purpose of the Short-term and long-term types of budgets?

• To organize project activities

• To act as a buffer against uncertainty

• To provide information on the necessary funds at any time

• To evaluate project performance

What is the Budget by stages of financing used for?

• Tranche-funded projects

• Time budget

• Territorial budget

• Institutional budget

What is the Budget by the source of funding?

• Own funds

• Budget by time

• Budget by type of expenditure

• Budget by stages of financing

What is the Budget by time based on?

• Distribution of funds by territory

• Institutional budget

• Necessary resources for fixed equal periods

• Types of budgets

What is the Budget by type of expenditure used for?

• Budget by the source of funding

• Types of Budgets

• Budget requirements

• Cost Classification

What is the Activity Budget based on?

• Valuation of resources used

• Budget by type of expenditure

• Budget by stages of financing

• Budget by time