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3. Produce a one page report that outlines: Three internal factors that could influence your organisation's budget for the next year Three external factors that could influence your organisation's budget for the next year Three methods of overcoming the challenges posed by the above factors. 4. Leading a team of three, produce a draft budget for your organisational over the next financial quarter. To do this, you will have to: Speak with the relevant parties concerned with budget development and obtain as much relevant data as possible Allocate specific tasks and responsibilities to your team members Negotiate the development of the budget, incorporating necessary modifications along the way Use your diplomacy skills to ensure that each team member contributes positively to the group and feels valued Use leadership skills to make the final decisions on certain aspects of the budget