For this assignment, you must write 4-5 paragraphs that you will deliver to the ICBI board (discussed in the IP 3 assignment) on the need for a budget contingency plan. Please think of 2 scenarios or events that could happen in which a budget contingency plan is needed. You must answer the following:
- Explain the need for a budget contingency plan
- Identify two (2) events or problems that could occur in which a budget contingency plan is needed.
- Add three (3) budgeting guidelines to prevent the risks or problems you identified in question #2.
How to respond to students' posts:
Your DB assignment and your comments to classmates should be critical and meaningful.
- Include detail and specific content
- Illustrate critical thinking
- Relate the learning to the class readings
- Create opportunities for discussions that lead to fuller understanding of the subject matter
- Use credible sources to support positions
- When agreeing with postings of classmates, give specific information that supports the concept
- When disagreeing with postings of classmates, give specific information illustrating the credibility of the disagreement
- Constructive debate using proof to support points
- Reflective thinking should be displayed in responses
- Incorporate pertinent real-life experiences (optional)
- The mechanics, grammar, spelling and structure should be accurate, logical, and clear.