Chose ONE topic:
1-Often, the sum of the initial estimated costs is greater than the amount of funds budgeted by the sponsor. What should be done to arrive at an acceptable budget amount? Describe the steps necessary to ensure an acceptable budget amount is present.
2-Establishing risk categories may help to identify and evaluate risks. Characterize some categories to help identify risks.
3-Why should the project organization establish a knowledge base system for the organization? Elaborate.