Why adding budgeting skills to your project toolkit is important

Why adding budgeting skills to your project toolkit is important

Project Management, Tools
This article was originally published on Humentum by Terry Lewis. Successful project outcomes require careful management of resources, including the significant sums of money donated to NGOs. That is why everyone involved in project planning and implementation should sharpen up their budgeting skills. In this blog I'll share six important reasons why we should all have budgeting skills in our toolkits.   KEEPING YOUR EYES ON THE PRIZE As the saying goes: If you don’t know where you are going, you are sure to end up somewhere else. A budget is a monetary translation of an activity plan. It helps us to achieve project objectives. A budget is a critical part of the project planning and accountability process: it enables us to put a cost on every planned activity, and…
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