Task: Select a project and complete the following:
Question 1: Identify all of the costs involved in the project. Label the costs as either direct costs, project overhead costs, or general and administrative overhead costs.
Question 2: Develop a time-phased budget for the project. What will be the cumulative cost of the project?
Question 3: Identify areas in the budget where cost cutting can be made if needed?
Question 4: Identify and assess one major and one minor risk inherent to the project. Develop a contingency plan for each of these risks.