A project’s budget evolves from the Prepare Preliminary Business Justification for the Need and the Assess Resources topics of the Conceptualize Need task of USPS Supplying Practices Process Step 1: Identify Needs. For project management purposes, the project manager appointed by the client organization must analyze the budget in further detail and with greater structure to support subsequent control and reporting. Once the budget has been determined, appropriate funding is requested.
All projects follow the procedures outlined in Handbook F-66, General Investment Policies and Procedures. For projects specifically related to SCM, additional procedures must be followed (as outlined in the SCM impact section below).
