It is time to estimate your project’s budget. Your project sponsor has set a li

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It is time to estimate
your project’s 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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