BudgetA budget represents the (time-phased) cost performance targe... More elements are the same as resources, the people, materials or other entities needed to do the workThe total number of hours, people or effort required to comp... More. They are typically assigned or a work packageA deliverable or project work component at the lowest level ... More, but can also be defined at the cost accountA cost account defines what work is to be performed, who wil... More level.