Final answer:
Budgeting skills are crucial for network administrators to manage resources and secure necessary funding for operations and expansions, including forecasting and presenting costs.
Step-by-step explanation:
Budgeting skills are a type of network administration skill that involves the ability to prepare a budget to justify the continuation of funding or to request additional funds. These skills are essential for network administrators to efficiently manage resources and ensure that there are adequate funds for the operation and expansion of the network.
A network administrator must be able to forecast future financial needs, understand the costs associated with network hardware, software, and labor, and present this information in a clear and persuasive manner to stakeholders.
Financial management is an essential network admin skill that includes knowing how to prepare a budget to justify continuing funds or request additional funds. This skill enables network administrators to effectively manage the financial aspects of their work, ensuring that resources are allocated efficiently and sustainably.