How to Create a Project Budget

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  • Опубліковано 23 гру 2024

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  • @AdrianaGirdler
    @AdrianaGirdler  Рік тому +9

    Thanks for watching. 🌟 Don't forget to sign up for my Free Online Training and learn THE FAB FIVE FUNDAMENTALS OF PROJECT MANAGEMENT. Click here to register: www.slayprojectmanagement.com/webinar

  • @juicebox069
    @juicebox069 5 місяців тому +2

    great video, currently studying for my PMP and this cleared a few questions i had around budgeting.

    • @AdrianaGirdler
      @AdrianaGirdler  5 місяців тому

      I am thrilled this video cleared up the questions you had. Wishing you all the best and thanks for watching, cheers!

  • @sudattdave
    @sudattdave Рік тому

    Hey Adriana , Great work ! I was wondering why are resources not accounted for in the calculation of project cost ? Am i missing anything !?

    • @AdrianaGirdler
      @AdrianaGirdler  Рік тому +1

      Hi @sudattdave. Resources can be a person, team or tool as you know and these should be assessed and allocated before a project begins within your Scope Statement. Once you know what will be in scope and out of scope you will be able to start allocating a budget to each item, team, tool etc. Hope this helps. Check out this video I have on the 6 Major Scope Statement mistakes to avoid. ua-cam.com/video/AXwqoAc7esc/v-deo.html Thanks for watching, cheers!

  • @Chandrikagummaluri
    @Chandrikagummaluri Рік тому +1

    Very informative and helpful! thank you

    • @AdrianaGirdler
      @AdrianaGirdler  Рік тому

      You're very welcome! Thanks for watching, cheers!

  • @andrewnyuan
    @andrewnyuan 5 місяців тому

    Insightful. Thank you Adriana!

    • @AdrianaGirdler
      @AdrianaGirdler  5 місяців тому

      You're so welcome! Thanks for watching, cheers!

  • @manuelcruz2256
    @manuelcruz2256 4 місяці тому

    Thank you for sharing your knowledge 💯

    • @AdrianaGirdler
      @AdrianaGirdler  4 місяці тому

      You're most welcome! Thanks for watching, cheers!

  • @AtangaAtungmbiComfort-tz8bc
    @AtangaAtungmbiComfort-tz8bc 9 місяців тому

    True very helpful to some of us

    • @AdrianaGirdler
      @AdrianaGirdler  9 місяців тому

      Glad it was helpful. Thanks for watching, cheers!

  • @kiwifrenchie6036
    @kiwifrenchie6036 10 місяців тому +5

    1. Define the scope of project.( understand the details )
    2. Identify direct and indirect cost.
    ( renewal subscription fee, maintenance fee )
    3. Identify contingency cost.
    ( unexpected risk causing cost )
    4. Determine budget format.
    ( talk to sponsors and financial person )
    5. Allocate budget.
    ( different tasks needs different budgets )
    6. Monitor and manage the budget.
    ( track every expense )

    • @AdrianaGirdler
      @AdrianaGirdler  9 місяців тому +2

      Thanks for watching and taking the time to comment. Cheers!

    • @kiwifrenchie6036
      @kiwifrenchie6036 9 місяців тому

      @@AdrianaGirdler I like brief on point videos

  • @timothystudlo4779
    @timothystudlo4779 Рік тому +1

    Thanks for all those wonderful budget tips, this video is Gold. Numbers have never really been my thing, I feel like I have a better understanding of budgeting a project now after this video, or at least the different kinds of costs that need to be considered. What is your take on if you come to the end of the project and you have money left over? Is it better to find something to spend the money on that can add extra value to the project, reallocate the money to another part of the project, or bring the under-budget leftovers back to the steering committee to decide what to do with the leftovers with suggestions. In my little experience in dealing with finances whenever my team was allocated money to spend, there would always be this big rush towards the end of the year to spend it. This type of rushed spending always resulted in poorly executed purchases or products that weren't used. It feels like if you don't spend the money you truly do lose it. It seems like you get punished for coming in under budget. Happy to know your thoughts. Thanks.

    • @AdrianaGirdler
      @AdrianaGirdler  Рік тому

      I am so pleased that you found this video so helpful!
      Come and join the waitlist to be one of the first to access my new program SLAY Academy. It will feature an online curriculum and weekly live calls with me!!!
      www.cornerstonedynamics.com/slay-academy-waitlist/
      Wishing you all the best, cheers!

  • @dallas20001
    @dallas20001 5 місяців тому +1

    I watched the entire webinar. Which I actually enjoyed. But when the free download link appeared and I clicked on it. It never took me to the link to download it.

  • @paulapoblete1090
    @paulapoblete1090 Рік тому

    Hi Adriana, do yoi have 1:1 sessions. I would love to explore a BA-> PM transition.

    • @AdrianaGirdler
      @AdrianaGirdler  Рік тому +1

      Hi @paulapoblete, I do have a new program that will be launched shortly called SLAY Academy! Not only does it feature an amazing online curriculum but also weekly live calls with myself! Join the waitlist today to be one of the first to access this new coaching program www.cornerstonedynamics.com/slay-academy-waitlist/
      Thanks for watching, cheers!

  • @ham472
    @ham472 10 місяців тому

    Thank you for the video 🙂

    • @AdrianaGirdler
      @AdrianaGirdler  10 місяців тому

      You’re welcome 😊 Thanks for watching, cheers!

  • @nagmasayyed9316
    @nagmasayyed9316 Рік тому

    Great explaination

  • @markgraham3667
    @markgraham3667 Рік тому

    Great video, very pertinent

    • @AdrianaGirdler
      @AdrianaGirdler  Рік тому

      Glad you enjoyed it! Thanks for watching, cheers!

  • @igweesther1488
    @igweesther1488 9 місяців тому

    Insightful

  • @AtangaAtungmbiComfort-tz8bc
    @AtangaAtungmbiComfort-tz8bc 9 місяців тому

    Thanks l am with you ma 😊

    • @AdrianaGirdler
      @AdrianaGirdler  9 місяців тому

      Welcome 😊 Thanks for watching, cheers!

  • @YonceNShelle
    @YonceNShelle Рік тому

    Thank u so michhhhh

  • @Arhinful79
    @Arhinful79 9 місяців тому

    Very intellectual

  • @kamalnaghili8154
    @kamalnaghili8154 Рік тому

    Dear Adriana,
    I admire your insightful content and expertise in project management. As I pursue a career in this field, I would greatly appreciate your guidance. Could we connect to discuss my aspirations and seek your valuable advice? Thank you for considering my request.
    Best regards,
    Kamal Naghili

    • @AdrianaGirdler
      @AdrianaGirdler  Рік тому

      Hi Kamal, I will be launching a new program called SLAY Academy this coming September. It will feature an online curriculum and weekly live calls with myself! The wait list is now open and you can sign up here www.cornerstonedynamics.com/slay-academy-waitlist/
      In the meantime I have a free Webinar that you can check out! In this free training I walk you through the five key items needed on all projects, it's what I call the FAB FIVE FUNDAMENTALS OF PROJECT MANAGEMENT. The FAB FIVE are the 5 key items that you must do on every project - if you only do 5 things, these are them! It’s a great way to simplify projects, while still doing the essentials needed to ensure project success. Save your seat here: www.slayprojectmanagement.com/webinar
      Cheers!

  • @warispirzada9546
    @warispirzada9546 Рік тому

    Very productive

  • @jayzed4282
    @jayzed4282 6 місяців тому +7

    8 minutes of bla bla bla bla

  • @KarolineFavrettoBrown
    @KarolineFavrettoBrown Рік тому

    I did not receive a free "why my projects struggling?"

    • @AdrianaGirdler
      @AdrianaGirdler  Рік тому

      @user-nb2so2nl5m have a look in your junk folder to see if has ended up there. In the mean time here is the link again, www.slayprojectmanagement.com/freebie?UA-cam&