Project Budget - BTEC Computing Quiz

What is the primary aim of a project budget?

• To determine the profit margin of a project

• To estimate the total cost of implementing a project over a specified timescale

• To allocate tasks to team members

• To assess the risks involved in a project

Which of the following is NOT a category that must be accounted for in a project budget?

• Manpower

• Equipment

• Materials

• Marketing

From the client's perspective, what does a project budget mean?

• How long the project will take

• What resources are needed for the project

• What will it cost for the work to be completed

• How much can they afford to pay for the work to be completed

Why is it important to itemize how the client's money will be used?

• To ensure transparency and trust

• To increase the project cost

• To reduce the project duration

• To hire more staff

What should you do if the available budget is not enough to complete the project?

• Reduce the project duration

• Increase the project scope

• Hire more staff

• Reject the project offer

What is one of the key roles of a project manager in terms of manpower?

• To reduce the project scope

• To hire new staff

• To increase the project budget

• To allocate tasks to staff to make the best use of specialisms

What is the significance of scheduling in a project budget?

• To reduce the project duration

• To increase the project cost

• To hire more staff

• To determine when different amounts of money are required

What should be done if a project cannot be completed within the allocated budget?

• Hire more staff

• Reduce the project duration

• Increase the project budget

• Renegotiate the deliverables

What is a potential issue if there is plenty of money available but not enough manpower?

• The project may not be completed on time

• The project cost will increase

• The project scope will reduce

• The project duration will increase

What is the purpose of project management tools in budgeting?

• To reduce the project scope

• To hire new staff

• To increase the project budget

• To aid in planning and allocation of tasks