Provide a graduate-level response to each of the following questions:

Part A- Resource Planning & Budget Planning

1. How would a cost management plan address the challenges of managing project costs within the internal financial procedures and accounting codes of an organization?
2. What benefits do budgeting processes bring to projects, and what weaknesses do they possess?

Part B- Management of Employee Conduct: Agency Law

1. Explain and analyze the duties owed by each party in an agent/principal relationship.
2. What steps should an organization take to limit apparent authority that it does not intent to bestow on an agent?