1 — Project Budgeting
Jack was considering the budget for the retirement party that he was hosting next week.
Which of the following items would be paid from the retirement party budget?
a.)
Borrowing a table from a neighbor to set food on
b.)
Buying disposable cups for the beverages
c.)
Hiring a repairman to fix the air conditioner
d.)
Using a tablecloth from a previous party
2 — Budget Methods and Evaluation
Which of the following descriptions relates to roll-up estimating?
a.)
Identifies money that should be added to a project budget to manage potential project overages
b.)
Calculates all costs for a project by specifying a value for the lowest level project activities
c.)
Refers to budgets from previous projects that are similar to create estimates for the current project
d.)
Includes only the true costs for completing a project, without providing any options for changes
3 — Classifying and Recording Risks
Kyle has planned a photo shoot for an outdoor location. The weather forecast predicts a 10% chance of showers in the morning, but sunny skies by lunchtime. The photographer has equipment that can handle
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