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2D THE SCENARIO: The Project Manager has read your report on controlling the costs and would like further information on budgeting processes. You are to

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2D THE SCENARIO: The Project Manager has read your report on controlling the costs and would like further information on budgeting processes. You are to explain budgeting processes, tools and techniques and explain how these could be used to achieve financial objectives of the project and how they could be used to monitor actions taken to control costs on a project that is currently running over budget. Decisions will need to be made on how to control the costs. Set up a meeting with: You, role playing being the Project Accounts Manager Your Trainer & Assessor, role playing being the Project Manager NOTE: This meeting will be observed by your Trainer & Assessor. During this meeting, your Trainer & Assessor will complete the observation checklist found in the "BSBPMG533 Marking Guide". WHAT YOU NEED TO DO BEFORE YOUR MEETING: Prepare for your meeting by determining the most appropriate tools, techniques and processes for budgeting on a small project such as this landscaping project. WHAT YOU NEED TO DO DURING YOUR MEETING: You are to explain budgeting processes, tools and techniques. This includes how these could be used to achieve financial objectives of the project and how they could be used to monitor actions taken to control costs on a project that is currently running over budget. Decisions will need to be made on how to control the costs. WHAT YOU NEED TO DO AFTER YOUR MEETING: Record note of what was discussed during your meeting, including any feedback received. Answer in 40-80 words

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