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Budget

<img src="https://www.procurementexpress.com/wp-content/uploads/2021/02/cropped-logo-512-150x150.png" width="128" height="128" alt="Merushka Chetty" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 alignnone photo" />

Becoming a Budgeting Badass

The Importance of Strategic Budgeting Budgeting is so much more than just crunching numbers – it’s a strategic exercise that can reveal your company’s mission

Successful budgeting

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Successful Budgeting Tips for Understanding the Financial Big Picture

Successful budgeting depends on more than simply gathering information. Instead, organizations should use budgets as a tool for hitting targets and driving action. Read on to see how it’s done.

<img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default" />

What is Spend Culture and How Does it Impact Your Bottom Line?

How often do you think about spend culture? Chances are, not as often as you should. Here’s why the so-called buzzword is actually a big deal.

Departmental budgeting

<img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default" />

How Departmental Budgeting Fits into the Big Picture

Departmental budgeting is more strategic than you might imagine. This process, when done right, allows companies more control, greater visibility, and more.

Project over budget

<img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default" />

What to Do If Your Project Goes Over Budget

Sure, construction teams are used to projects going over budget. With that said, overages are preventable with the right tools and a bit of foresight. Here are some things PMs can do to regain budget control:

Manage spending in your company

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How to Manage Spending in Your Company

There are several ways to cut costs including reviewing suppliers and setting budget controls. Here’s a look at how to manage the spending in your company

Manage budget, How to Manage the Budget in Your Company

<img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default" />

How to Manage the Budget in Your Company

Managing a budget doesn’t need to be difficult, it just needs to be built on the right foundation. In this article, we’ll look at

Manage expenses, how to manage expenses in your company

<img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" data-src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 128px; --smush-placeholder-aspect-ratio: 128/128;" /><noscript><img loading="lazy" src="https://secure.gravatar.com/avatar/368e6bd7eb56f31f899dd72f78d2af02?s=128&d=mm&r=g" width="128" height="128" alt="James Kennedy" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 photo avatar-default" />

How to Manage Expenses in Your Company

A look at some ways you can manage expenses internally from approval flows to audit trails and fraud controls.

Cost iceberg

<img src="https://www.procurementexpress.com/wp-content/uploads/2021/02/cropped-logo-512-150x150.png" width="128" height="128" alt="Merushka Chetty" class="avatar avatar-128 wp-user-avatar wp-user-avatar-128 alignnone photo" />

Impressed With the Product Price? Here Are the Hidden Costs It Conceals

The cost iceberg represents the total cost of ownership, beyond the number listed on an invoice or estimate. Here are a few areas where hidden costs are common.