Project management: 5 tips for managing your project budget

Budget overruns are a litmus test for project success or failure. Few companies have an unlimited budget, so the first thing project stakeholders look to in determining whether their project was a great success or a colossal failure is the bottom line. This fact fuels the pressure project leaders and their teams face with each passing day. As such, effective budget management is a primary area of focus for project managers who value their careers.Following are five strategies for maintaining con