Question

which budgeting method below identifies money that should be added to a project budget to cover cost changes for a project? comparison reserves roll-up actual

Answer 1

The Roll up project budget method is used to cover cost changes for a project,

The roll up budget method is used to measure and identify the money inflow and outflow of the particular project. The roll-up budget is a technique that uses expertise to determine cost and productivity throughout the full life-cycle of projects.

The roll up budget method is also called continuous budgets. Based on the project, it is updated monthly or quarterly or annually. These budgets enlarge incrementally as time passes,

Rolling up the budget helps to achieve flexibility in their planning process plus decision-making,

This impact on changing market conditions, business disruptions, and unforeseen opportunities with greater liveliness.

Perform more effective performance management by re-aligning, spending and resource allocation at regular intervals to compete in the business environment and improve viable benefits.

To learn more about Project Budgeting

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