How do you response to the following discussion question When we refer to the primary [hases in planning we are presented with the following that would help guide the company and accomplish the goals. This would be an cycle that is important to establish to ensure that everything will flow correctly as you repeat the process more and more. This specific cycle would include the following: 1)Analyze the situation, including future developments 2)Establish incident objectives and strategy 3)Develop the plan 4)Prepare and disseminate the plan 5)Execute, evalute and revise the plan and When dealing with budgeting this would require formal budgeting.This sytle of planning would consist of aligning the certain criteria that would allow for the project to be planned correctly. Having a set amount of buget set aside for different parts of the project will allow for formal decesion to be made when we look at the needs that are presented. When we look deeper into the the opposite of informal planning we would use the budget rather agressively from the begining and would cause for situations later down the road to be an issue where they might not be enough to cover the issues or even take away