1. Identify all of the costs involved in the project. Label the costs either direct costs, project overhead costs, or general and administrative overhead costs.

2. Develop a time-phased budget for the project. What will be the cumulative cost of the project?

3. Identify areas in the budget where cost cutting can be made if needed?

4. Identify and assess one major and one minor risk inherent to the project. Develop a contingency plan for each of these risks.