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To successfully run a project, clarity on the project budget is essential. If you have never created a project budget before, this tutorial will guide you through the process. The first step is to define the scope of your project, as the budget is directly tied to it. A vague scope can lead to a loose budget, often resulting in overspending. As you clarify the details of your project, you may find that costs increase. Therefore, understanding the specific ins and outs of your project scope is crucial for creating an accurate budget.
