How do you determine project budgets and allocate resources?

To determine project budgets, you need to estimate the costs of resources, materials, and activities required for the project. This can be done through a combination of bottom-up estimation, top-down estimation, and historical data analysis. Once the budget is determined, resource allocation involves assigning the necessary resources to specific tasks and activities based on their availability, skills, and expertise. This ensures that resources are utilized effectively to achieve project goals within the allocated budget.

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