Answer all question for a thumps up !!

1. [10 points] Why developing a baseline budget for a project is important? What would happen to a project without a baseline budget? Describe in 45 sentences. 2. [10 points] List the items that should be included when estimating activity costs. Describe each item in 2-3 sentences. 3. [10 points] Describe the project budgeting process in 100-200 words. 4. [10 points] Why is it necessary to track actual and committed costs once a project starts? What would happen if actual and committed costs are not tracked? Describe in 4-5 sentences