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Project Design

Budget Allocation and Resource Planning

A budget is defined as patterns of expenditure and revenue over the life of the project (SEAGA 2001). In general, it is a prediction of the possible costs that will be incurred by carrying out the activities planned in a project.
Realistic planning of finances is key to the [7315-implementation of a project] or programme. A professional and transparent approach to budget planning will help convince investors, development banks and national or international donors to make [7314-financial resources] available (PHILIP et al. 2008).

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