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discuss what a baseline budget is and its relevance using the scenario.

discuss what a baseline budget is and its relevance using the scenario.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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A local bank is busy with a website redesign project which has been running for a
year now. The purpose of this project is to launch the new website using XML‐based
technology providing  online customers with access to real‐time account balance
information and other banking facilities. The baseline budget for the project was set
at R2 million and estimated completion was 15months after project
commencement.  

In your own words, discuss what a baseline budget is and its relevance
using the scenario.

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