Revising budgets
You'll learn when and how to revise budgets to ensure fair performance evaluation, and why distinguishing between controllable and uncontrollable variances matters for your PM or APM exam.
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In this lesson
- 0:00 Section three revising budgets
- 0:27 When budget revisions are appropriate
- 0:52 External factors prompting budget changes
- 1:43 Advantages and disadvantages of revisions
- 2:31 Guidelines for responsible budget adjustments
About this lesson
This lesson covers the key triggers for budget revision—market shifts, supply disruptions, and regulatory changes—plus the critical balance between clarifying true performance and avoiding budget manipulation that undermines planning and motivation.
Duration: 3m
Transcript
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