Unit 3 DB Budgeting

For this assignment, you must write 4–5 paragraphs that you will deliver to the ICBI board (discussed in the IP 3 assignment) on the need for a budget contingency plan. Please think of 2 scenarios or events that could happen in which a budget contingency plan is needed. You must answer the following:
Explain the need for a budget contingency plan
Identify two (2) events or problems that could occur in which a budget contingency plan is needed.
Add three (3) budgeting guidelines to prevent the risks or problems you identified in question #2. 
4-5 paragraphs