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To the PM blog

May 11, 2025

Budget

In project management, all financial resources that are maximally available and released at the same time are called "budget" or "project budget." The budget is usually released by the steering committee and/or by the client.

Gerald Aquila

Gerald Aquila

36 words • 1 minute

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Relevant Project Management Terms

Control / Controlling

Controlling basically means taking measures to implement the project plan as accurately as possible. In doing so, deadlines, costs and results should be within the previously defined tolerance range.

Plan/Actual Comparison

In a plan/actual comparison, the target, i.e. the planned values, and the actual values of a project are compared. Using a plan/actual comparison, you can quickly identify deviations, estimate the future course of the project and derive measures.

Resources

In project management, resources describe the personnel and material resources required and used to complete a project.

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