Determine Budget by Sean Whitaker

About the Lecture

The lecture Determine Budget by Sean Whitaker is from the course Archiv - PMP Training – Become a Project Management Professional (EN). It contains the following chapters:

Determine Budget
Tools and Techniques
Reserves Analysis

Included Quiz Questions

Which of the following is an input into the Determine Budget process?

Scope baseline.
Project charter.
Expert judgment.
Risk register.

If you have to delay parts of your project until funds become available in the next financial year, what is this an example of?

Funding limit reconciliation.
Contingency reserve.
Historical relationships.
Budget constraints.

Which reserve amount is under the control of the project manager?

Contingency reserve.
Management reserve.
Risk register.
Issues register.

How do project costs become a project budget?

Project costs become a project budget when the individual costs are aggregated in the time period within which they are incurred.
They are different terms for the same thing.
Project costs become a project budget when the project sponsor and project client sign the foundation agreement and project charter.
Project costs become a project budget when the first change is approved to the cost baseline.