Controlling the Project Budget
A blueprint for PMs and A/E executives to develop and monitor project budgets to ensure profitability.
The ability to control the budget is perhaps the most critical factor in ascertaining its ultimate success or failure of a project. This report is a blueprint for project managers and A/E executives for conceiving, developing, and monitoring project budgets in a way that ensures profitability.

TABLE OF CONTENTS
- 1. INTRODUCTION
- 2. TYPES OF BUDGETS
- THE FIVE METHODS TO BUDGET THE PROJECT
- UPWARD, OR ZERO-BASED, BUDGETING
- ZERO-BASED BUDGETING WORSHEET
- DOWNWARD BUDGETING
- DOWNWARD BUDGETING WORSHEET
- UNIT PRICE BUDGETING
- STAFFING LEVEL BUDGETING
- REAL WORLD BUDGETING
- COMMON MISTAKES MADE IN BUDGETING
- 3. FORECASTING THE BUDGET
- PROJECTED LABOR COST WORKSHEET
- PROJECTED PROJECT COSTS
- COST CONTROL MANAGEMENT
- 4. MONITORING THE FINANCIAL STATUS OF THE PROJECT BUDGET
- 5. OVERCOMING BUDGET PROBLEMS
- 6. FINAL BUDGET ANALYSIS
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The heart of PSMJ’s Digital Toolbox is a one-year license to use PlanTrax®
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