Step 4.10 Update the Project Plan or Project Budget

The Project Plan and the Project Budget are your predictions at the start of the project of what it will take to deliver the project. As such, your success is about meeting the timescale and the budget agreed. However, the plan and budget are also tools to help you manage the project as it happens. In some situations the plan or the budget become so different from reality that you need to update them. This should be an uncommon occurrence as what you are effectively doing is changing the way you will deliver the project. You are also changing the basis of measurement of the project.

If any change you make moves a milestone on the plan, alters the overall timescale or changes the budget for ...

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