20 min lwft

QUESTION 1 What is a Project Budget? O A. How much you need. O B. The total dollar cost to complete all of the activities identified in the WBS. O C. Determine the resources required to complete each work package, make adjustments to optimize the use of people and equipment. O D. All of the above. QUESTION 2 You have been asked to provide an estimate of how much it will cost to renovate a basement. You just completed a renovation of a similar 1000 square foot basement at a cost of $25,000 ($25 per square foot). The basement for which you are developing the estimate is 925 square feet What is the estimate based on the parametric estimating technique? O A. $25,000 O B. $92,500 O C. $23,000 O D. $250,000