Course ProjectObjective |Guidelines |Milestones |Grading Rubrics |Best PracticesObjectiveThe Budget Proposal project is intended to be a comprehensive evaluation of the key objectives covered throughout this course. It will challenge you to apply your knowledge of the budgeting process (including sales forecasting) when creating a budget proposal for a new business startup. Please use this outline and grading rubric as a guide in completing your course project. It provides specific details of the required elements of the project, and will be used by your instructor as a grading guide.The documents you need to complete the project are located in DocSharing. The Course Project Description provides an overview of the project, as well as the information pertaining to the business for which you will prepare the budget proposal. The weekly Project Activity documents provide a detailed description of the project content that is due each week. All of your work will be done in the Budget Proposal Template and the Budget Proposal Workbook.GuidelinesThe following guidelines should be used when completing your project:Even though this is not a scientific-type writing assignment, and is mostly creative in nature, references are still important. At least one authoritative, outside reference is required (anonymous authors are not acceptable). These should be listed on the last page titled “Works Cited.”Appropriate citations are required.All DeVry University policies are in effect, including the plagiarism policy.The Final Budget Proposal and Presentation are due during Week 7 of this course. Weekly drafts are due as indicated in the Course Project Description document located in DocSharing.Any questions about this paper may be discussed in the weekly Q&A Discussion topic.This project is worth 180 total points and will be graded on quality of content, organization, proper use of citations as necessary, and grammar and sentence structure.The formatting standards outlined in the Budget Proposal Template should be followed.MilestonesEach week you will complete a section of the project in draft form. In Week 7, you will submit the final version of the project’s Budget Proposal Template, Budget Proposal Workbook, and Budget Presentation in PowerPoint.WeekDeliverablePoints1Section 1.0 Executive Summary (Draft)102Section 2.0 Sales Forecast (Draft)103Section 3.0 Capital Expenditure Budget (Draft)104Section 4.0 Investment Analysis (Draft)105Section 5.1 Pro Forma Income Statement (Draft)106Section 5.2 Pro Forma Cash Flow Statements (Draft)107Final Budget Proposal Template and Budget Proposal Workbook90Grading RubricsDetailed grading rubrics for the weekly drafts and the final project are located in the weekly Project Activity documents in DocSharing.Best PracticesComplete a first draft and then go back to edit, evaluate, and make any changes required.Use visual communication to clarify and support the written part of your report. The Budget Proposal Template indicates where visual aids are required. You may include additional forms of visual communication to support your assumptions and ideas.Consider your audience when preparing the Budget Presentation