What is a Cost Budget Plan?

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RAB stands for Cost Budget Plan , which contains an explanation of how much and how funds will be used.

By preparing a work plan, you and your team can minimize waste and keep the project running smoothly so that it remains in line with the initial budget.

On the other hand, without a clear RAB, a project is at risk of facing a sweden whatsapp data funding shortfall or even experiencing unexpected cost overruns.

In this article, Ruang Kerja has summarized the importance of preparing a proper Cost Budget Plan, as well as practical steps to create one.

Quoting from Indeed, RAB (Cost Budget Plan) is the activity of creating and managing a budget for a certain time period .

In addition, RAB also refers to a document that contains an estimate of the total costs required to complete a project, such as construction projects, product manufacturing and development, event procurement, and others.

It is important to calculate the RAB accurately, because this document is the basis for making strategic business decisions.

With proper budget planning, all stakeholders, especially top-level executives ( C-Level ), will have a clearer picture of the company's financial condition.