Project BudgetYou want to align your project budget with your sponsor's expectationsbecause...You are correct!You can then help set or adjust your sponsor's expectationsFeedbackSponsor expectations for the cost of the project may or may not be inline with reality. Creating a logical budget is a good way to align with, orre-align, your sponsor's expectations.Which of the following is a first step in understanding the costingstandards?You are correct!Research your organization's internal accounting practices.FeedbackInternal accounting practices are the common place costing standardsare detailed.Capital costs are funds allocated for buying things to create futurebenefit in an organization includingbuildings, machinery, andequipment.You are correct!FeedbackThis is the correct answer as defined in the course. Show Which of the following estimates uses industry specific mathematicalformulas to come up with estimates for your project? What is a bloated budget?A bloated budget is when you can see that your actual spending is coming in way over forecast. The good news is, if you're still proceeding with your project, you may be able to get your budget back on track.
Which of the following should you consider when setting a budget?things to consider when creating a budget. financial goals, current expenses, and income. mostly income. creative ways to spend your money.
What should be considered when setting a budget Everfi?things to consider when creating a budget. a) financial goals, current expenses, and income. b) mostly income. c) creative ways to spend your money.
Which of the following is a benefit of using a budget?A budget can help you keep track of your money. A budget can help you make plans to reach your financial goals. A budget can help you decide the importance of your expenses.
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Which of the following is not an option to consider when you are dealing with a bloated budget select an answer?
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