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- Explain your approach to estimating the project cost (e.g., top down, bottom up, etc.) and why that method was chosen.
- Create a table that shows the original budgeted cost
(from the charter) and the actual budgeted cost (side by side). Include
line items for labor, materials, contract, equipment, travel cost, and
so on.
- Compare the budget from the charter to the final
budget and explain any variances that occurred from your original
budgeted cost in the project charter and the current project cost
(include your original estimated cost for the project).
- Explain your budget contingency plan and how much is budgeted for contingency.
