Your company President wants to start a new project. He selects you to be the new project manager. The President says that the project cost should be the same as a similar project finished last year. The new project will use upgraded technology and require different technical expertise.

Should you agree with the President that the new project estimate provided to you is valid?

1. Yes
2. No

Your company president wants to start a new project. He selects you to be the new project manager. The president says that the project cost should be the same as a similar project finished last year. The new project will use upgraded technology.

What type of Budgeting Process is the president using?

1. Top down
2. Bottom up
3. Sideways forward

The chance of risks occurring during a project is highest at:

1. The beginning of the project life cycle
2. The end of the project life cycle
3. The middle of the project life cycle

The cost to address project risks is highest at:

1. The beginning of the project life cycle
2. The end of the project life cycle
3. The middle of the project life cycle