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In this video tutorial, Dmitriy Nizhebetskiy explains how to create an accurate project budget through a step-by-step process. He emphasizes that the key to developing a reliable budget is to identify 100% of the project work first. This begins with the Project Charter, which contains essential information for developing project requirements. It is crucial to focus only on the requirements that align with the project's objectives. Following this, a Project Scope Statement needs to be written to guide further budgeting efforts. Dmitriy invites viewers to subscribe to his channel for more project management insights.