project objective:

The team should be able to make well-informed decisions about how to move forward with the event by using the budget estimating section to generate precise estimates of the expenditures related to the event. The project team's budget estimation section should offer precise estimations of the costs related to the occasion. This covers the price of the locations, meals, prizes, and goods. To avoid slowing down the rest of the team, the team should also be effective in their task.

Project scope:

• The section of a project team's report devoted to cost estimation ought to provide accurate projections of the expenses connected to the event. The cost management team will be assigned the task of preparing cost estimates regarding venues, meals, prizes, and merchandise associated with the event.
• The group needs to be aware of any potential unanticipated costs, such as damage deposits or cleaning fees.
• The group needs to be aware of any potential unanticipated costs, such as the total cost of shipping and any applicable taxes.

what are the risks of this project and how we can response to the risks?