Reference no: EM133263173

Project objective (budget estimating)

• The team should be able to make well-informed decisions about how to move forward with the event by using the budget estimating section to generate precise estimates of the expenditures related to the event. Additionally, to avoid burdening the rest of the team with extra work, the budget estimating team should aim to maximize their efficiency in all aspects of their work.

The project team's budget estimation section should offer precise estimations of the costs related to the occasion. This covers the price of the locations, lunches, prizes, and goods. To avoid slowing down the rest of the team, the team should also be effective in their task. An illustration of this would be if the group were to determine how much it would cost to hire a location for the event. They would have to consider the venue's size, its location, and any particular features that would be necessary. The group should also be aware of any potential unforeseen expenses, such as cleaning fees or damage deposits.

What works break down and measurable outcome would be in budget estimating team?