1. T/F. Indirect costs are costs specifically associated with the work of the project.

2. Never underestimate the value of this during all phases of the project__________.

3. This estimating process technique establishes estimates for each activity and adds them all together to determine an estimate for the project.

A. Parametric

B. Bottom-up

C. Analogous

D. Resource cost rates

4. This estimating technique involves obtaining quotes for the work or services to be performed.

5. T/F. The best thing to do when a project sponsor wants to cut the project budget is to communicate (using facts and data) the impact to the project and negotiate changing scope, timelines, or quality to accommodate the budget cut.

6. This estimating technique bases the estimate for the current project on a past project of similar size and scope__________.

7 Explain what you should do once the project budget draft is completed.

8 . T/F. It's difficult to ask for additional money after the budget is approved.

9. In most cases, this person is responsible for approving the project budget.

A. Project sponsor

B. Key stakeholders

C. Project manager

D. Budget officer

10. This is used to measure the actual project expenses against the budgeted expenses. __________ __________

11. T/F The project plan is made up of all the documents produced in the Planning processes and the project plan should be signed off by the project sponsor and key stakeholders.