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- Do you want to create an accurate project budget? In this video you are going to learn the step-by-step process how to do it. Lets dive in. Hello, I am Dmitriy Nizhebetskiy from Project Management Basics and I help people just like you to become a PM from any role you are currently at. So if you want to become a project manager, you are in the right place. Subscribe to this channel now and hit that little bell button as well. When you think about project budget, what comes to your mind? You need accurate estimates. You need some ninja technique that will magically do the work. You are focusing on the wrong side of the problem. To create an accurate project budget, you need to identify 100% of project work. Thats your ultimate goal. So ideally you start with the Project Charter. Based on the information in the charter, you develop project requirements. You identify only the requirements that support docHubing project objectives. Then you need to write a Project Scope Statement. You