1. Create an optimistic projection and use variance analysis to explain
Finance QuestionAssignment Overview: Individual project: You will use the budgeting
example given in the assessment area. Using that budget as an EXAMPLE ONLY, you will
need to adjust your figures, revenue streams and costs to reflect the business you described
in your entrepreneurship course. You will then explain your assumptions while highlighting
our understanding of the concepts used in budgeting and variances.Questions: I. Give a brief
synopsis of your business plan and use the budget template to project future performance,
explaining why you feel the company will achieve that performance.Questions II. Create an
optimistic projection and use variance analysis to explain how those changes may arise.