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Pre-Pro [8/8] Part 2
Budget Quiz
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Managing the budget is a critical part of the project manager role.
Quiz time!
Please answer 4 questions about Budget Management.
Get a 4/4 for a Bonus Star
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Recap of the correct answers:
Question 1: What is the primary purpose of creating a project budget?
a. To allocate resources efficiently.
Question 2: Which factor is crucial for effective budget tracking?
a. Regular monitoring and updates.
Question 3: What should be considered when estimating project costs?
c. Inclusion of all foreseeable expenses.
Question 4: What action should be taken if a budget variance is detected?
b. Analyze the cause and adjust future spending.