Consider the challenges of determining a project budget

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Consider the challenges of determining a project budget and respond to the following: Identify the factors you need to keep in mind while determining the project budget. How would you determine the flexibility you need in the budget to accommodate changes? Explain how inflation and changes in project scope and deadlines can, in turn, impact budgetary estimates. Explain how you would manage variances in the project budget. Give at least two examples that use actual numbers.

Reference no: EM13259883

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