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How to create a project budget
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Architecture PM basics: Baseline vs Planned vs EAC (profitability). If you’re a new architect project manager, these three project cost columns tell you whether your project budget is under control—or quietly sliding into “eat the fee” territory. Baseline Cost = the original approved plan (your benchmark) Planned Cost = today’s staffing plan (what you intend to spend) EAC Cost = estimate at completion (your forecast landing number) How to read it fast: \t•\tPlanned > Baseline → the plan changed
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