Determine the important elements of your budget proposal

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Imagine that you are managing a project that involves the development of a new hotel in Washington, DC, near all of the major tourist attractions.

The hotel will have 250 rooms, which will generate room revenues of between $250-300 per night per room. You are required to submit a budget proposal for this project.

Determine the top-two (2) important elements of your budget proposal, and specify the main reasons why the elements you have determined are important.

Using the same scenario from Part I of this discussion, determine the best way to establish a performance measurement baseline for your hotel project. Justify your response.

Reference no: EM131987880

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