After reading this chapter, you will be able to:
- Define basic terms such as budget, estimate, price, cost, and value.
- Discuss the relationship between cost and budget.
- Explain basic concepts related to budgeting.
This chapter of Project Management is a derivative the following texts:
Essentials of Project Management by Adam Farag is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.