Budgeting

One essential portfolio management responsibilities is budgeting and ensuring that the actual cost doesn't go sky rocketing above the budget. But as we all know, most of the time, the cost is hard to contain. We can probably blame it on inaccurate or too frugal budget forecasting and a million other reasons, but as the world dictates, we are never really sure 100%. That's what contingencies are for, yes. (Another) but still its hard to play around and move around especially if you're dealing with CAPEX. The financial mess always comes, its inevitable. Only this time, I'm glad we're doing it earlier than later.