Page 19 - IT Project Management Framework - Planning
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Perform Budget Planning
Expense or cost breakdown for work packages by fiscal year
Example
Work Package Budget Category 1st Fiscal Yr 2nd Fiscal Yr 3rd Fiscal Yr 4th Fiscal Yr
Conduct Planning . . . Facility 300 0 0 0
Conduct Planning . . . Equipment 50 0 0 0
Develop Work Break . . . Software 8,000 2,400 0 0
Develop Work Break . . . Hardware 3,000 0 0 0
Develop Resource . . . Software 1,000 1,000 1,000 1,000
Support Searching . . . Software 1,000 1,000 1,000 1,000
Support Reserving . . . Software 1,000 1,000 1,000 1,000
• Budget planning involves summarizing the expenditures and source of funding for the project during the life of the project, by
providing an expense or cost breakdown for each work package by fiscal year.
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