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Ashley's Ambitious Project:

Ashley, a budding entrepreneur, aims to transform her spacious $5-$acre property outside the city limits into a unique bed and breakfast $(B$&$B)$ with an on$-$site doggy daycare facility. The $B$&$B$ must accommodate living quarters for Ashley, offer guest rooms with a shared kitchen and multiple bathrooms, and provide indoor and outdoor play areas for guests' pets. She has a budget of $$5,000,000$ and aims for a launch on Christmas Eve of the same year.

Imagine Ashley secures a loan to cover a portion of the project costs. How would the presence of debt impact your approach to project management, particularly regarding cost management and risk mitigation strategies? Discuss the specific considerations you would take into account.