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What are the two budgets of major concern for a project?
In this task you will choose an education issue from a list
September 16, 2020From the e-Activity, discuss the new movement to the Common Core Standards, Race-to-the Top, or state department issued curriculum standards.
September 16, 2020What are the two budgets of major concern for a project?
MGT252. Project Finance and Budgeting
Assignment 2
1. What are the two budgets of major concern for a project? Describe the purpose of each.
2. What is the difference between a Static Budget and a Flexible Budget? What are the pros and cons of each?
3. What are the four constraints that must be considered when developing a project budget? Why?
4. In doing risk analysis for your project, you have identified the following risks items:
Risk P (Risk Probability) I (Cost Impact) Risk Contingency
A .7 $20,000
B .25 $30,000
C .5 $16,000
D .10 $45,000
E .3 $18,000
F .30 $10,000
Total $139,000
a) Calculate the expected value of each of these risks.
b) How much would you request for this project to be added to your budget as risk contingency?
c) Why wouldn’t you request the entire $139,000?
d) What would you do in the event Risk D occurs?
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