Practice - Design & Engineering
Practice Questions
Test your understanding with targeted questions
What is a contingency budget?
💡 Hint: Think about preparing for unexpected costs in a project.
Name one budget category in hardware design.
💡 Hint: Consider what tools are necessary for the design process.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is a contingency budget?
💡 Hint: Think about why a backup is essential in budgeting.
True or False: Cost tracking is important to avoid budget overruns.
💡 Hint: Consider the significance of maintaining oversight on project expenses.
1 more question available
Challenge Problems
Push your limits with advanced challenges
Consider you are managing a project where initial funding is $100,000. If you allocate 15% for contingency, how much should you set aside? Discuss potential scenarios where this budget could be used.
💡 Hint: Remember to calculate the percentage of the total budget.
Analyze the impacts of not tracking project costs on a sample hardware project. What best practices would you suggest to ensure effective budget management?
💡 Hint: Identify what communication strategies might promote better budget management.
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Reference links
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