Reference no: EM133119851

Explain the various elements of the Animal Rescue adoption event project budget and how the scope and schedule are used to create the budget.

Note: You may assume any reasonable total budget for this project. Your goal in this assignment is not to justify the cost but, rather, to demonstrate an understanding of project management budget concepts.

To prepare the budget, the project manager, along with the project stakeholders, use three different elements. They include inputs, tools and techniques, and outputs. Begin your essay with an introduction that summarizes the planning phase and budget management (within the scope of planning).

Next, discuss what will be included in each of the three elements and what documentation/information would be used from the project sponsors and the Lucky Me Animal Rescue organization. Be sure to include how the scope and schedule are used in preparing the budget.

For the second part of the assignment, discuss how the tasks that take place within project scope management and project schedule management would be essential to keeping the project within the budget guidelines. Use specific information on what takes place during project scope management and project schedule management in order to manage the costs of the project.