Which of the following is not a method of creating a project budget?Top-down budgetingComparison budgetingActual budgetingRoll-up budgeting
Question
Which of the following is not a method of creating a project budget?Top-down budgetingComparison budgetingActual budgetingRoll-up budgeting
Solution
Actual budgeting is not a method of creating a project budget. The other three, top-down budgeting, comparison budgeting, and roll-up budgeting, are all recognized methods for creating a project budget.
Similar Questions
Which of the following describes the Actual budgeting method? Does not include overhead costsConsiders historical budgetsAllows for cost overagesEstimates a value for each project activity
Which of the following budget methods provides a quick start to the budget development process? ReservesRoll-upComparisonActual
Which of the following describes the Comparison method of budgeting? Does not include overhead costsSets a cost for each project activity Does not include variations or changes in the budgetProvides a short cut for developing the budget
When budgeting a project, you should consider additional expenses such as warranties, supplies, add-ons, and upgrades. Which budgeting term refers to this concept? 1 pointBottom-up approachTotal cost of ownershipTop-down approachBaseline your project
Using the previous budget as a starting point and making adjustments to the funds allocated to each expense category is the budgeting approach known as ______ budgeting.Multiple choice question.zero baseincrementalmarginalsupplementary
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