Funding limit reconciliation

Funding limit reconciliation

Below are the description of all the uses of the working document “Funding limit reconciliation”:

“Funding Limit Reconciliation” is a tool/technique for the process “Determine budget”.
The expenditure of funds should be reconciled with any funding limits on the commitment of funds for the project.
A variance between the funding limits and the planned expenditures will sometimes necessitate the rescheduling of work to level out the rate of expenditures. This is accomplished by placing imposed date constraints for work into the project schedule.

This definition was found in the PMBOK V5

Go back to the Glossary or to the Mapping

Leave a Reply

Your email address will not be published.