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Quality Management Integration Management Each of these management areas consists of processes, tools and techniques that are produced and/or applied to some degree during the course of any project. The following set of illustrations depict the project management life cycle, knowledge areas, and processes used: 1.2.5.
Budget Phase. A detailed project budget should be divided into logical cost centers, such as fixtures, appliances, renovation, flooring, labor and electrical work. Add 10 percent for unexpected costs or overruns. A well-defined budget allows you to separate the project into phases determined by cost.