These may include costs of materials that are lower than that in the market or reduced labor costs. ![]() ![]() This will increase the chances of your budget withstanding serious scrutiny.Īlso, showcase the areas in your budget that you have successfully bargained for lower costs. Therefore, if you can, clearly highlight the costs that you and your project team have wisely cut, such as premium materials and products, or skillfully avoided, such as expedited shipping. It is important to show the senior executives that you are concerned about your project costs and have already taken steps to cut down on some costs. Highlight the costs that have already been cut This will help you to demonstrate the real value of every dollar allotted to the project. These include short term and long term goals that the project will accomplish, be it in a few months or many years. When defending your budget, it is therefore important to first elaborate the different entities in your budget and how they will help accomplish your project goals in different time frames. ![]() The different factors that are included in your project’s scope are not always obvious and clear to those who are outside your main team. Clearly explain what is included in your budget
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