Project Budgeting

Project Budgeting

Professional Development

50 Qs

quiz-placeholder

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Project Budgeting

Project Budgeting

Assessment

Quiz

Business

Professional Development

Medium

Created by

Samar Aad

Used 2+ times

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50 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a project budget?

A project budget is the total projected costs needed to complete a project over a defined period of time. It’s used to estimate what the costs of the project will be for every phase of the project.

A project budget is a list of all the tasks to be completed in a project.

A project budget is a timeline of the project phases.

A project budget is a document that outlines the project goals and objectives.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of the following is a step to create a project budget?

A) Analyze costs

B) Ignore costs

C) Skip planning

D) Avoid suppliers

3.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

The project budget will include ________ costs.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The project budget will include material procurement ________.

costs

expenses

fees

charges

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The project budget will include operating ________.

costs

expenses

revenues

profits

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One key benefit of effective budgeting related to resources is:

Increased spending

Resource optimization

Higher taxes

More debt

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which benefit of effective budgeting helps manage expenses and avoid overspending?

Tracking income and expenses

Setting financial goals

Creating a savings plan

Avoiding unnecessary debt

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