1.
When creating a budget, a project manager must do which of the following? Select all that apply.
2.
Which of the following is an example of using historical data to develop your project budget?
3.
As a project manager creating a budget, you proactively identify factors that may impact expenses. You then take action to minimize the budgetary impact of these factors. What is this task called?
4.
Which of the following are steps in the procurement process? Select all that apply.
5.
A document that keeps confidential information within the organization is known as what?
6.
Which of the following may impact ethics in procurement? Select all that apply.
7.
To create a well-organized budget, a project manager includes different types of expenses. Which type of budget expense includes costs for day-to-day tasks within a company?
8.
At what phase in the procurement process would a project manager check a vendor’s reputation for delivering quality work, and make a site visit?
9.
When budgeting a project, you should consider additional expenses such as warranties, supplies, add-ons, and upgrades. Which budgeting term refers to this concept?
10.
Fill in the blank: In project management, the budget is considered a _____—it is a success metric.