Handle Undefined Budgets
4:45
17:42
5.2K views
At 4:45 in
Keynote Speech- Your mouth makes you Your Money #3 4 k video
What happens here
When a project stakeholder (or you, for a personal project) has 'no idea' what a project should cost, provide a broad price range (e.g., $5,000 to $50,000) based on typical market rates for similar work. Then, ask them where they feel comfortable within that range. This helps narrow down expectations and guides them toward defining a suitable budget, ensuring you don't proceed without a financial understanding.
Goal: Guide stakeholders to define their budget when they lack initial estimates.
What they say
(491 characters)Hide
What they say
(491 characters)Auto-generated from the video audio.