Question: It is time to estimate your projects budget. Your project sponsor has set a limit on the amount of money you can spend. You know

It is time to estimate your projects budget. Your project sponsor has set a limit on the amount of money you can spend. You know your budget will exceed that limit. Using the information covered in the required readings, describe the importance of properly establishing a project budget. What is the best method or methods to accurately estimate the budget for a unique project? What controls can you implement to keep your budget in check?

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