The fourth step in our nine-step project life-cycle is to develop the project budget.

The fourth step in our nine-step project life-cycle is to develop the project budget. After the team has developed the scope and objectives, and the project schedule has been developed, the Project Manager (you) can finalize the project budget. However, two processes, Plan Procurements, and Conduct procurements, are essential steps that should happen early in the project. They are included here because the costs of procurements (should there be any) must be determined for budget development is complete. In practice, project budget development usually happens simultaneously with the scope and schedule development processes. Developing the project budget is an iterative process that, in practice, can take some time to complete. We will keep our deliverables as simple as possible for this assignment but sufficient enough to be meaningful. Several project management processes are used to develop the project budget, including Plan Procurements, Plan Cost Management, Estimate Costs, and Determine Budget.

Sections 4.2 and 7.1 of the PMBOK® Guide (6th edition) Develop Project Management Plan describe the Cost Management plan document and Plan Cost Management. The Cost Management plan sets out the format and establishes the criteria for planning, structuring, estimating, budgeting, and controlling project costs. The Plan Procurements and Conduct Procurement processes are defined in chapter 12 of the PMBOK® Guide (6th edition). The Estimate Cost and Determine Budget processes are defined in chapter seven of the PMBOK® Guide (6th edition).

For this portion of the course project, you will develop the following project management artifacts:

Cost Management Plan/Statement
Procurement Management Plan/Statement
Activity/Procurement Cost Estimates list
Cost Performance Baseline (Budget)
Then upload/attach your work file(s) in this assignment module by the due date noted below.

Project Budget Artifacts – Scoring Guide

10% of the course project grade



Cost Management Plan/Statement.


Procurement Management Plan/Statement


Activity/Procurement Cost Estimates list.


Cost Performance Baseline (Project Budget)


Submissions demonstrate significant compliance with PMI standards.


Submissions demonstrate professional and effective communication skills.

(Grammar, mechanics style, etc.…).


Total Percent

The fourth step in our nine-step project life-cycle is to develop the project budget.

We offer the best custom writing paper services. We have answered this question before and we can also do it for you.


We offer the bestcustom writing paper services. We have done this question before, we can also do it for you.

Why Choose Us

  • 100% non-plagiarized Papers
  • 24/7 /365 Service Available
  • Affordable Prices
  • Any Paper, Urgency, and Subject
  • Will complete your papers in 6 hours
  • On-time Delivery
  • Money-back and Privacy guarantees
  • Unlimited Amendments upon request
  • Satisfaction guarantee

How it Works

  • Click on the “Place Order” tab at the top menu or “Order Now” icon at the bottom and a new page will appear with an order form to be filled.
  • Fill in your paper’s requirements in the "PAPER DETAILS" section.
  • Fill in your paper’s academic level, deadline, and the required number of pages from the drop-down menus.
  • Click “CREATE ACCOUNT & SIGN IN” to enter your registration details and get an account with us for record-keeping and then, click on “PROCEED TO CHECKOUT” at the bottom of the page.
  • From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it.