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Expenses such as unexpected medical bills, car repairs, or sudden job loss would justify using funds from an emergency fund.
Expenses that are unexpected, urgent, and necessary, such as medical emergencies, car repairs, or sudden job loss, would justify using funds from an emergency fund.
A project that would accurately showcase financial planning and forecasting would be a budgeting project. A budget would clearly show the value in planning and being able to predict future financial costs.
These would be individual projects. You do not need to have a big team of people when you are doing a little project.
The gestation period of an ongoing project is the length of time it takes said project to start showing results or profitability. This affects financing decisions as to whether or not it would be profitable to undertake the project in the first place.