O'Reilly logo

The Little Black Book of Project Management, 3rd Edition by Michael C. THOMSETT

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

5Preparing the Project Budget

In every operation there is an above the line and a below the line. Above the line is what you do by the book. Below the line is how you do the job.

JOHN LE CARRÉ, A PERFECT SPY

“I don’t get it,” one manager complained to another. “No matter how carefully I budget, my projects always run over. Even when I add a little extra, it gets used up.”

The other manager responded, “Maybe you should get out of the business world and go into politics.”

If budgeting at any level mystifies and frustrates you, you’re in good company. But remember, a budget is only an estimate, and you impose too high a standard on yourself if you expect actual results to match your estimates. The budget is only one of many management tools that ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required