Why is it important for a project manager to create a time-phased budget? Select one: Project funds are often released to the project at given intervals and not all at once at the beginning of the project. These transfers must be timed so that the money is available to pay for each activity without causing a delay in the start of the activity. The financial officers of the performing organization typically request a time-phased budget so that they may more closely monitor the project spending. Project managers love to create reports and a time-phased budget is one more way of illustrating the project's budget