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What is the difference between a project and a Budget in reporting?

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Question added by Saneesh Thai Valappil , Senior Accountant , Blue Line Industries LLC
Date Posted: 2017/08/31
Jia Jia Wang
by Jia Jia Wang , Accountant/PRO/Operation Manager , CHCN Building Constructing LLC

well, for me, if you are talking about a project, then you need to focus on the detail of the project, such as how to start it, why we need it, what can it bring to me, how long will it take and how much I will spend something like that, but if speaking of a budget, you need to make it more specific on why we need to do this, how much in total we need to spend on it, and how much we need to spend on each step etc., hope this is helpful for you, thank you !

Basheer NP
by Basheer NP , Regional IT Manager , DSV Company For Logistics

 a project is an individual or collaborative enterprise, possibly involving research or design, that is carefully planned, usually by a project team, to achieve a particular aim.

A budget report is an internal report used by management to compare the estimated, budgeted projections with the actual performance number achieved during a period.

 

Edmundo Garcia
by Edmundo Garcia , Site Engineer , Arabian Profile Limited/ GIBCA

PROJECT ENGINEER IS RESPONSIBLE FROM CONCEPT OF THE WORK.

muhammad ahmad
by muhammad ahmad , geologist , oil and gase

Site engineers and project engineers have very different responsibilities working on any kind of construction project. Site engineers are the technical experts in charge of specific engineering aspects of the project. ... They take the resource orders, liaise with clients, and coordinate with designers and other engineers.

Muhammad Abdullah Bujang
by Muhammad Abdullah Bujang , Hses Manager , Weststar Aviation Services Sdn Bhd

Project reporting is on the progress Budget reporting is more on capex and cost versus actual expenditure

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