Overcome when developing a budget

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Reference no: EM131276920

1. What are some of the obstacles that project managers need to overcome when developing a budget?

2. Illustrate how a balance sheet, income statement, and cash flow statement work together in planning the financial aspects of a project.

3. How can a work breakdown structure and three-point technique help you come up with an accurate project estimate?

4. What are some ways that an employee in the finance could assist project management personnel better understand and apply financial concepts?

5. Talk about which investment decision making method can work best for your project. Give a real-world example to illustrate. (Please use a construction field example)

Reference no: EM131276920

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