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Meaning of budget element

 

 

 

Budget Element

 

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Business project management glossary

 

Meaning of term budget element :

 

Budget elements are the same as resources -- the people, materials, or other entities needed to do the work of the program. For example, Engineer, Technician, Travel, and Pipe can all be budget elements. These budget elements can be validated against a Resource Breakdown Structure (RBS). Budget elements are typically assigned to a work package, but can also be defined at the cost account level.

 

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Source : http://files.perevedem.ru/Glossaries/Project%20management/big-group%20(Business%20project%20management%20glossary).doc

 

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Budget Element

 

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Meaning of term budget element

 

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