Question: Did I answer this question correctly:Provide 1-2 action steps your supervisor should take to approve the budget for the initiative. A supervisor can take two
Did I answer this question correctly:Provide 1-2 action steps your supervisor should take to approve the budget for the initiative. A supervisor can take two main steps to approve a budget for a project. First, they should carefully examine the proposed budget. This means understanding all costs related to the project, both direct (like materials and labor) and indirect (like overhead costs). They should check if these costs are fair and needed for the project's success and think about the possible return on investment. Second, they should seek input from other stakeholders and or outside experts. (Article Improving State Revenue Forecasting: Best practices for a more trusted and Reliable Revenue Estimate Elizabeth C. McNich). The forecasting body should include outside experts. Including experts from academia or business, along with economic and budgeting experts from within the government, widens the economic knowledge available to the forecasting body and can improve how well a forecast is trusted
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