Last week, you were given control of a project. You have properly defined your project. Now, it is time to estimate your budget. Your Project Sponsor has set a limit on the amount of money you can spe

Last week, you were given control of a project. You have properly defined your project. Now, it is time to estimate your budget. Your Project Sponsor has set a limit on the amount of money you can spend. You know your budget will exceed what that limit is. Using the information covered in the required readings, describe the key components of your budget that you will need, as well as how long it will take to complete it (using the materials we covered this week), and why it exceeds your Sponsor’s limit.