PMG 323- Project Cost Management Project Budget Quiz

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School

Arizona State University *

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Course

104

Subject

Economics

Date

Jan 9, 2024

Type

docx

Pages

1

Uploaded by imorgillo315

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1. The budget is represented by approved ____ ________ (Two words) a. cost baseline 2. Project budget is approved by a. Project sponsor b. Major stakeholders c. Suppliers 3. Project cost control is done by measuring project’s actual cost against a. cost baseline b. project schedule c. approved budget d. cost estimate 4. Which of the following is NOT an input, but an output of budget? a. cost estimates b. cost baseline c. basis of estimates d. project schedule 5. Inaccurate ____ __________ will cause project budget change. a. cost estimation 6. One thing that is extremely important in project budget is ____ a. risk 7. The _____ ________ will let you know if there are any funding constraints that may be mandated by your organization, contracts, or other groups such as government agencies. a. project baseline b. scope baseline c. cost estimation d. project estimation 8. The ________ ______ is what drives project funding a. supplier budget b. approved budget c. estimated budget d. No answer text provided
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