Quiz – Budget Estimation

Question 1 of 6

1. Question

PMBOK cost management involves which four disciplines?

Planning, estimating, budgeting, and controlling

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Hiring, firing, training, and promoting

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Selling, marketing, shipping, and billing

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Coding, testing, deploying, and monitoring

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Question 2 of 6

2. Question

Per HBR data in the script, clear budget definitions make projects how much more likely to stay on track?

40 percent

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10 percent

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75 percent

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5 percent

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Question 3 of 6

3. Question

Labor and materials are examples of which cost type?

Direct costs

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Indirect costs

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Contingency reserves

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Sunk costs

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Question 4 of 6

4. Question

What contingency buffer does the marketing campaign example use?

15 percent

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50 percent

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2 percent

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100 percent

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Question 5 of 6

5. Question

Match each cost element to its example.

Sort elements

Labor and materials
Overhead
Funds for unexpected challenges

Direct costs

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Indirect costs

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Contingency reserve

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Question 6 of 6

6. Question

Fill in the blanks.

The estimation formula is Total Estimate equals Fill in the blank 1 of 3 plus Fill in the blank 2 of 3 plus Fill in the blank 3 of 3 .