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Sagot :
A project manager needs to ensure that the cumulative amount of cash coming into the project either from internal budgeting or from customer payments meets or exceeds the demands for paying cash out. This is a true statement.
A formal method of managing a group of funds is a budget strategy. To ensure that their expenses do not exceed their income, many people use budgeting techniques in their daily lives. Others use budgeting techniques to achieve financial goals, such as buying a new car or setting aside a certain amount of money for retirement.
Strategic budgeting allows for flexible forecasting for ambitious revenue and expenditure goals. The goal is to divert attention away from the big picture and specific data. Companies use budgeting tools to manage resources more effectively and achieve certain long-term goals. A project management is responsible for project planning, procurement, implementation, and completion. The project manager is responsible for the entire enterprise and manages every aspect of it, including the scope of the project, the project team and the resources assigned to it.
Read more on project management here:
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