As a project manager, you review your budget and notice one vendor is costing more than anticipated. You shift funds and recalibrate the budget to offset this increased vendor cost. What is the budgeting term for this task?

Respuesta :

When you shift funds to ensure the success of the project, this is known as Reforecasting.

What is reforecasting?

It is a business term that refers to the revision of a budget to allow for certain expenses to be completed owing to cost increases.

When this is done, the allocation of funds to different parts of the project changes which is why the vendor cost here was allocated more funds at the expense of another part of the project.

In conclusion, this is reforecasting.

Find out more on reforecasting at https://brainly.com/question/26479274.

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