
Project Budgeting & Risk Identification
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1.
FLASHCARD QUESTION
Front
What is the main purpose of project budgeting?
Back
To control costs and allocate resources effectively
2.
FLASHCARD QUESTION
Front
Which budgeting method estimates costs at the task level and sums them up?
Back
Bottom-Up Estimating
3.
FLASHCARD QUESTION
Front
Which risk identification tool categorizes risks into different groups? Options: SWOT Analysis, Risk Breakdown Structure (RBS), Parametric Estimating, Budget Tracking
Back
Risk Breakdown Structure (RBS)
4.
FLASHCARD QUESTION
Front
Which of the following is NOT a risk identification method? Brainstorming, SWOT Analysis, Financial Tracking, Checklist Analysis
Back
Financial Tracking
5.
FLASHCARD QUESTION
Front
What is the best budgeting method for estimating project costs based on past similar projects?
Back
Analogous Estimating
6.
FLASHCARD QUESTION
Front
Project risk identification is only necessary after the project starts.
Back
False
7.
FLASHCARD QUESTION
Front
A well-planned budget helps in preventing overspending and resource misallocation.
Back
True
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