What do you do if you’re a beginner in Project Management and need to effectively manage project budgets?

As a beginner in Project Management, effectively managing project budgets is crucial. Start by thoroughly understanding the project scope, requirements, and budget constraints. Break down the budget into smaller, manageable components, and allocate resources based on priority and need. Regularly monitor and track expenses to identify any deviations from the budget. Communicate openly with stakeholders about budget status, potential risks, and necessary adjustments. Utilize project management tools to help you track expenses and stay within budget constraints. As you gain experience, continuously review and refine your budgeting strategies to improve your project management skills.