Practice Applications in Tech and Engineering - 21.8.1 | 21. Budgeting and Budgetary Control | Management 1 (Organizational Behaviour/Finance & Accounting)
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is performance budgeting?

💡 Hint: Think about how budgeting relates to outcomes.

Question 2

Easy

Define a milestone in a project.

💡 Hint: Consider what events are used to check progress.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What does performance budgeting aim to achieve?

  • Reduce overall costs
  • Link resources to results
  • Increase project scope

💡 Hint: Remember how budgeting relates to planning efficiency.

Question 2

True or False? Scope creep can cause budget overruns.

  • True
  • False

💡 Hint: Think about how changing requirements affect budget limits.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

You're the project manager for software that requires regular updates. Explain how you would use performance budgeting to prioritize features and control costs.

💡 Hint: Reflect on prioritization when spending.

Question 2

Design a basic performance budgeting framework for a new app development project.

💡 Hint: Think about the steps needed in a real project.

Challenge and get performance evaluation