Explain appropriate budgeting processes, tools and techniques. Address the following questions: 1. What are the key purpose and objectives of budgeting in project management? 2. List the main steps in the budgeting process for a project. 3. Explain why key performance indicators are used in budgeting and provide three examples of financial key performance indicators that can be used to determine the effectiveness of a budget. 4. How are milestones used in budgeting?