Why it is necessary to develop a baseline budget for a project.

Describe why it is necessary to develop a baseline budget for a project. Use examples from the project you are writing about for your own organization.
Oftentimes complications arise. Describe what needs to be done to manage risk on a project and how can a risk assessment matrix help. Develop a preliminary risk assessment matrix for the project you are writing about.
Discuss what needs to be done as part of closing a project. What closing activities will be needed for the project you are writing about? Why are these activities important?
Describe some ways you can obtain feedback about your project after it has been completed. Why and how would you use this information?

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