methodology

Budgeting

Budgeting is a financial planning methodology that involves creating a detailed plan for allocating resources, typically money, over a specific period to achieve organizational or personal goals. It helps track income and expenses, forecast financial needs, and ensure efficient use of funds. In software development, budgeting is often applied to project management, resource allocation, and cost control for teams, tools, and infrastructure.

Also known as: Financial Planning, Cost Management, Resource Allocation, Budget Planning, Expense Forecasting

🧊Why learn Budgeting?

Developers should learn budgeting to manage project costs effectively, justify resource requests, and align technical decisions with business constraints, especially in roles involving project management or startup environments. It is crucial for planning software development cycles, estimating cloud infrastructure expenses, and optimizing team productivity within financial limits. Use cases include agile project budgeting, DevOps cost management, and freelance rate setting.