what is cost budgeting
Description. A budget is an accounting or financial plan for the next period, which can be a month, quarter, year or even the duration of a project. A cost budget is a financial plan about your companyâs identified expenses for the next period.You can make budgets for various costs such as project costs or product development costs.escription. A budget is an accounting or financial plan for the next period, which can be a month, quarter, year or even the duration of a project. A cost budget is a financial plan about your companyâs identified expenses for the next period.