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Published:March 11th, 2015 09:48 EST
SOP Word of the Day: Budget

SOP Word of the Day: Budget

By Keith Johnson

The word "budget" refers to a numerical plan for allocating resources to a specific project or activity. The key to understanding budget this - all resources need to be understood and itemized in common terms of time and currency.

In this way, you can create algorithms and formulas that enable you to compare/contrast resources and perform analytics.

In this way you can measure progress and know if you are on schedule and truly reaching your goal, via the established budget.


Keith Charles Johnson, MBA, MS Education
Senior Technical Writer and Author
The Google Productivity Guide
Musings of a Technical Writer