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How do I know if the budget is the right budget?

In budgeting Finance and Accounting | 0 comments

We have agreed a budget for a new software development. I will do my best to keep the project to budget, which will probably involve a number of cuts to the scope. Once the project is under way the budget tends to be regarded as sacrosannct but how do I know whether the budget we are working to is the the right budget and won't starve the project of resources or functionality to such an extent that it compromises the whole endeavour?

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