Whether you're introducing a new product or system, restructuring your team, moving offices or planning a major event, there are 7 key ingredients for effective project budgeting

1.  Actions
Start by brainstorming all the tasks you’ll need
to do to complete your project
 Resources
What materials, resources, skills will you need
to complete your project? What have you
already got, what will you need to buy?
 How long
How long have you got to implement? In a
rush? More likely to hit unexpected costs.
Plenty of time? Save costs and do it yourself
 Ask
What would Google do? Research prices online,
phone a friend whose done it all before. Speak
to potential suppliers and get quotes
 What if
Always include a contingency in case things go
wrong – cover any unexpected costs. If you’re
unsure, double your budget
 Update
Update your budget as you go, keeping track of
where you’re at
 Review
After the event, compare your planned costs
with your actual costs so you can fine tune
your budget for your next project