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today were talking about how to create a project budget and with that I want to share seven expert tips but first of all lets clarify what the project budget is its the total projected cost to complete a project during a specific period of time with a specific result we want to be sure that we include several components first of all we want to include the direct cost directly related to the project as well as any indirect cost as well we also want to include fixed very and variable cost any labor and materials as well as travel there may be some travel related expenses we need to include as well as equipment we may need in any space any Lisa leases or license cost and there may be some other costs as well but these are just a few ideas why do we want to create a project budget anyway because it helps us to track the budgeted versus actual cost that gives us a variance that lets us know in the end or all along the way how were doing so lets talk about the expert tips first of all u
