The budget was developed and sent to the approval board at the end of a project's initiation phase. During the approval meeting, one of the key stakeholders asked how the budget was developed for future uncertainties How should the project manager respond? Probabilistic analysis was used to develop the budget to address future uncertainties. The budget was developed by using the lessons learned from previous project data Recurrent team meetings are planned to control the budget against future uncertainties. Feedback from stakeholders will be addressed at each board meeting to adapt the budget