Explain what happens during the process to determine the project budget?

Having a thorough budget can help the project manager make better decisions regarding the constraints (time, cost, and scope) to successfully complete the project while satisfying stakeholders’ needs and understanding the implications on the PM schedule and resource allocation. During the process, it may happen:

1. Your clients change their minds.

2. Your boss is not happy with your project budget (cost and time).

3. PM and funding problem

4....