The most significant component of the project budget, as we have observed, is derived from the assigned resources. However, resources are not the only source of project costs. Costs may be direct, indirect, fixed, and variable. Using resources in this module as well as the Internet, describe the process of creating a project budget. Identify all costs—especially costs beyond assigned resources—that should and should not be included in the project.

Describe the project budget process
Identify what should and should not be included in the overall project budget.
Provide your rationale for costs you choose to include in the project.

Sample Solution

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