Photo credit: flickingerbrad / Foter / CC BY. The Parent Association of the Kennedy Krieger School: Greenspring Campus LEAP Program is inviting friends and families of the school to join its LEAPing for Technology campaign for iPads in the classroom.
Description. A budget is an accounting or financial plan for the next period, which can be a month, quarter, year or even the duration of a project. A cost budget is a financial plan about your companyâs identified expenses for the next period.You can make budgets for various costs such as project costs or product development costs.escription. A budget is an accounting or financial plan for the next period, which can be a month, quarter, year or even the duration of a project. A cost budget is a financial plan about your companyâs identified expenses for the next period.
Definition. Cost variance is a way of showing the financial performance of a project. Specifically, it is the mathematical difference between budgeted cost of work performed, or BCWP, and the actual cost of work performed, or ACWP.herefore, companies pay close attention to their budgets and the cost of everything that happens within the business. One number of particular significance for general operational and project planning is the cost variance total.