Budgeting Checklist
This tool helps you create a preliminary budget by evaluating the required human and financial resources.
April 05, 2018 at 01:36 PM
5 minute read
The original version of this story was published on Lean Adviser
What should you consider when staffing a project, creating a project plan, and a budget?
Checklist:
- Gather in your existing planning work.
- Create a basic project timeline chart with tasks from today to the end of the project.
- Determine who, from the firm, should best perform each task.
- Determine who, from the client talent, should be involved.
- Determine who, from outside the firm and the client, should be engaged.
- Update the project timeline chart with all of these names – you might decide to call this iteration an TASK ASSIGNER chart.
- Estimate the cost of every task on the chart, including travel and such, and further update the chart with this information.
- Look over the chart for waste, inefficiency, and justifiable savings, and adjust accordingly. You may decide to call this iteration a 'budget' or 'Costed Roadmap'.
- All human resources, for all planned project tasks
- All other expenses for planned project tasks
- Compare your budget with what the client was expecting and make available to the client with any comments as to feasibility or other insights.
- Make sure the client approves the budget before proceeding.
Lean Routine:
- Have you revisited the Anticipated Range of Outcomes, including:
a. client project goals and deadlines
b. client budget expectations
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