Question: Why is it necessary to develop a baseline budget for a project? Should a reserve amount be included in a project proposal? What is the

  1. Why is it necessary to develop a baseline budget for a project?
  2. Should a reserve amount be included in a project proposal?
  3. What is the problem with making cost estimates too conservative or too aggressive?
  4. Think about a project you have worked on. This can be either a professional project, or if you do not have a professional project, a large personal project you have been involved with such as a community or school event, or a personal project. Describe that project briefly and list all of the resources you used in this project. Discuss why resources need to be considered when developing a schedule.

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