What project management framework is characterized by strict budgeting and cost control?

The Waterfall project management framework is characterized by a linear and sequential approach that emphasizes detailed planning and strict adherence to budgets and timelines. In Waterfall, the project is divided into distinct phases, each with specific deliverables and milestones. This structured framework allows for comprehensive documentation and a clear understanding of costs at the outset, making it easier to manage budgets and track expenses throughout the project lifecycle.

Budgeting in Waterfall is particularly crucial because any changes in scope or requirements can significantly impact costs and delivery schedules. The emphasis on upfront planning and documentation means that project managers can allocate resources effectively and monitor financial performance against the initial budget, providing a high level of cost control.

In contrast, other frameworks such as Scrum, Kanban, and Agile prioritize flexibility and adaptability over strict cost control. These methodologies focus on iterative progress and responding to changing needs, which can make it more challenging to enforce rigid budget constraints. Therefore, Waterfall stands out as the framework most associated with strict budgeting and cost control.