If the company that is providing the project management is separate from the client, the project budget will bear the cost of _____ while the client will reap the rewards of avoiding the costs of failure.

Project Management

The practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria at a specified time.

Project Budget

An estimate of the total cost of all resources needed to complete a project including labor, materials, and overhead expenses.

Costs Of Failure

The financial, reputational, or operational loss that an organization may suffer due to a project's or process's failure.