Budget challenges

Last updated Jun 5, 2023

Challanges:

• Budget pre-allocation
• Inaccurately calculating Total Cost of Ownership (TCO)
• Scope creep

• The budget is set before the start of the project.
• Working with stakeholders to define the scope and deliverables within the budget is vital.
• It is essential to monitor the budget regularly, as it cannot be exceeded.

• Underestimate the costs of a project once launched

• Scope creep