So when you are working on a project how is the project budget determined? There is a lot that goes into the project budget determination. I know in some cases you are just given $XX amount of money and told to execute the project, but project budget estimations should have a little more fidelity. One way to do this is build your Work Breakdown structure (WBS), this should tell you all the work/activities that needs to be accomplished...now that you know the activities you can build the schedule, determine manning requirements and then use all that data to build a very accurate budget for the project. Is this how your organization determines budgets or in there another method used? explain why and give examples