What is an execution budget? Introduction to its purpose, how to create it, and Excel templates.

Thorough explanation of the execution budget! We will also introduce the differences from synonyms and recommend tools.

In the construction industry, properly managing the income and expenses of projects is a crucial element that supports the foundation of management. Among these, the "execution budget" is positioned as an indispensable tool for ensuring the profitability of projects and conducting appropriate cost management. In recent years, the construction industry has faced various management challenges, such as labor shortages and soaring material prices. In particular, the rise in raw material costs and increases in labor costs have a significant impact on the profitability of projects. In such circumstances, more meticulous budget management has become essential to secure stable profits. This article will provide a detailed explanation of the basic concepts of execution budgets, specific methods for creating them, and how to utilize convenient templates and construction management systems. *For detailed content of the article, please refer to the PDF document. For more information, feel free to contact us.*

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