If everyone knows how much everything is going to cost, there’ll be no (or slightly fewer) nasty surprises later down the line. Having a project budget helps you set expectations with your clients. If you’re working with a strategist for Project A, you’ll know how much they’ll charge for Project B based on their hourly rate. You can use these numbers to inform future quotes and proposals.Ĭreating a project budget is also great for getting useful data for future estimates. Project budgets are great for getting a thorough understanding of projects before they even begin.įor example, instead of figuring out that Project A is costing you $X in total, you’ll also learn that Tasks 1, 2, and 3 are costing $X, $X, and $X.
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