Keeping Your Eye on the Budget Author:Jeff Davidson One of the primary responsibilities that you have as project manager is to keep close reins on the budget. Your organization or whomever is funding the project enjoys hearing about cost overruns about as much as having a root canal. — Too often the monetary resources allocated to a project, perhaps even before you stepped aboard, have been undere... more »stimated. Why? Because of the irrational exuberance that the authorizing party or stakeholder may have as to what can be achieved at what cost. This is not to say that project managers don?t have their own hand in underestimating cost.« less