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Explain the need for a budget contingency plan

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BUDGETING

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:

1. Explain the need for a budget contingency plan

2. Identify two events or problems that could occur in which a budget contingency plan is needed.

3. Add three budgeting guidelines to prevent the risks or problems you identified in question #2.

 

Reference no: EM131134727

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