Reference no: EM13486427

For this assignment, you must write 4-5 paragraphs that you will deliver to the ICBI board (discussed in the IP 3 assignment) on the need for a budget contingency plan. Please think of 2 scenarios or events that could happen in which a budget contingency plan is needed. You must answer the following:

• Explain the need for a budget contingency plan
• Identify two (2) events or problems that could occur in which a budget contingency plan is needed.
• Add three (3) budgeting guidelines to prevent the risks or problems you identified in question #2.

How to respond to students' posts:

Your DB assignment and your comments to classmates should be critical and meaningful.

• Include detail and specific content
• Illustrate critical thinking
• Relate the learning to the class readings
• Create opportunities for discussions that lead to fuller understanding of the subject matter
• Use credible sources to support positions
• When agreeing with postings of classmates, give specific information that supports the concept
• When disagreeing with postings of classmates, give specific information illustrating the credibility of the disagreement
• Constructive debate using proof to support points
• Reflective thinking should be displayed in responses
• Incorporate pertinent real-life experiences (optional)
• The mechanics, grammar, spelling and structure should be accurate, logical, and clear.