Work packages are time-phased to create project budgets.
With a time phased budget, you can figure out where to spend money during the project's active fiscal year. The purpose of being able to time phase your budget is to enable cost-per-cost item planning. For each cost, you are spreading out your budget over the project's duration.
The pattern of expenditure (or income) over the 12 periods is represented by the budget phasing, which can be calculated on a variety of different bases. The annual expenditure for pay is evenly distributed. Non pay use (or pay) at first is staged on the example of consumption over the earlier year.
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Full Question = Project budgets are developed by time-phasing which of the following?
A. Resource schedules
B. Work packages
C. The network diagram
D. Critical activities
E. None of these are time-phased to develop a project budget
