https://www.saviom.com/blog/infographic-5-steps-to-develop-a-reasonable-project-budget-that-gets-approved/?utm_source=repurposing&utm_medium=content_promotion&utm_campaign=repurposing&utm_id=repurposing 5 Steps to Develop a Reasonable Project Budget that Gets Approved A project budget is a comprehensive financial document that lays out the expense of all the activities a project must fulfill over a defined period. It begins during the planning stage and acts as a baseline throughout the project cycle. Thereby allowing managers to compare the spending and take corrective measures if there is variance. Further, effective budgeting helps secure the stakeholder’s buy-in easily and leads the project successfully.