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Project Managment Resources, Budgeting & Risk

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Resource Planning for Increasing Productivity in Your Business

Every business efficiency project has limited time, money, and other resources. Writing down your resource requirements when you are planning any project to increase productivity or decrease waste acts [more…]

How to Set Up a Master Budget

To prepare a master budget, managerial accountants collaborate with managers throughout the organization to develop a realistic plan, in numbers, for what will happen during the next period. The master [more…]

How to Determine Nonpersonnel Resource Needs

In addition to personnel, your project may require a variety of other important resources (such as furniture, fixtures, equipment, raw materials, and information). Plan for these nonpersonnel resources [more…]

Create a Budget Estimate Using the Bottom-Up Approach

Preparing a budget for your project requires two steps: First you prepare a rough estimate. Then when you move into the organizing and preparing stage of your project, you're ready to create your detailed [more…]

How to Decide Your Kickstarter Fundraising Goal

The first step in determining your fundraising goal for your Kickstarter campaign is determining the scope of your project: [more…]

Budgeting to Produce the Income Statement and Balance Sheet

A final step in the budgeting process is to create a budgeted balance sheet and budgeted income statement. Your balance sheet and income statement, whether budgeted or actual, are the two great financials [more…]

Flexing Your Budget: When Plans Change

Regardless of how carefully you budget, plans may change. Assume you plan a cross-country family camping trip. You diligently create a budget spreadsheet based on your research and assumptions. Unfortunately [more…]

How to Implement a Flexible Budget

To compute variances that can help you understand why actual results differed from your expectations, creating a flexible budget is helpful. A flexible budget [more…]


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