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QUESTION

Establishing a Performance Measurement Baseline Please respond to the following:

Establishing a Performance Measurement Baseline"  Please respond to the following:

  • Imagine that you are managing a project that involves the development of a new hotel in Washington, DC, near all of the major tourist attractions. The hotel will have 250 rooms, which will generate room revenues of between $250-300 per night per room. You are required to submit a budget proposal for this project. Determine the top-two (2) important elements of your budget proposal, and specify the main reasons why the elements you have determined are important.
  • Using the same scenario from Part I of this discussion, determine the best way to establish a performance measurement baseline for your hotel project. Justify your response
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