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Master Schedule and Master Budget

A corresponding master schedule of resources should list the requirements of major resources of men, equipment and materials for the same work packages in a matching time phase with considerations for procurement time and mobilization time, to enable timely work execution. A corresponding master budget shall ensure financial allocation and the project fund flow. The master resources schedule and master fund flow statement shall be based on the project cost estimate and project investment cost distribution schedule and their subsequent refinement based on firmed up project data and engineering details. 

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