Now that we have identified risk for the tailgate event, we need to assess the cost and resources needed for the event.

Cost is the budget approved for the project including all necessary expenses needed to deliver the project. Within organizations, project managers must balance between not running out of money and not underspending because many projects receive funds or grants that have contract clauses with a $$use it or lose it$$ approach to project funds. Poorly executed budget plans can result in a last$-$minute rush to spend the allocated funds. Basically, cost is ultimately a limiting constraint; few projects can go over budget without eventually requiring a corrective action.

The city has received an $$8,000\mathrm{.}00$ grant from General Services Administration to assist with the event. You will need to prepare a budget that illustrates what resources you will use along with the cost of each. Please provide five to six resources you will need to successfully launch the tailgate event. Your expenses should not exceed more than $$8,000\mathrm{.}00$ because the city does not have funds allocated in their operating budget to help with the event. Be sure to use all the money because what you don$$t use, the city will have to return it to General Services Administration.

SN: A $$good$$ project manager would find ways to implement things into the planning stage that could generate revenue.......... This would allow the project manager to use allocated funds towards other things that are more costly if needed $($creative project manager$).$

Type of resource needed

Who$/$what will you use to provide the service

Cost