Explain the wbs or cbs budgeting planning in project, Project Management

Explain the WBS or CBS budgeting planning in project.

Throughout a project, financial control can be accomplished by actual expenses being tracked against every budget assigned for the various tasks allocated. Regular progress can be monitored by using budget or time sheets, and control action taken when appropriates for example the process of exception reporting.

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What is project management, plz elaborate nowwwwwwwwwwwwwwwwwwwwwww

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