Why organisation consider application of budget contingency
Question: Project contingency can be applied to projects for a variety of reasons. Explain THREE (3) key reasons why an organisation should consider the application of budget contingency. Support your answer with references.
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At the end of the financial period, Rosella Limited was awaiting. How should Rosella Limited recognise this situation when preparing the financial statements?
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Explain THREE (3) key reasons why an organisation should consider the application of budget contingency. Support your answer with references.
Discuss the reasons why you prefer the use of top-down than bottom-up budgeting for project cost control. Provide references.
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