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you cannot run a successful project if you are not clear on your project budget but how do you become clear on a project budget if youve never created a project budget before well dont worry I got you covered in this video because were going to talk about how to create a project budget step one Define the scope so the very very first thing you have to do when youre putting together a project budget is you have to understand your scope of your project because your budgets can be based on that scope so if your scope for your project is very loosey-goosey and youre really not locked down on it then it makes the budget very loosey-goosey and I promise you you will exceed it because youre going to find out as you lock down what it is that youre doing that your budgets going to increase always happens I have never found that correlation not to occur because you just have more details so when I what do I mean by scope what exactly it is that youre doing what are all the ins and outs