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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the definition of budgeting?
💡 Hint: Think about it as a financial roadmap.
Question 2
Easy
Name one common challenge faced in budgeting for IT projects.
💡 Hint: What happens with tech that evolves rapidly?
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 challenges do engineers face regarding the budgeting aspect in IT projects?
- Fixed timelines
- Changing technologies
- Over-budgeting
💡 Hint: Think about modern tech advancements.
Question 2
True or False: Budgeting is only essential for large-scale enterprises.
- True
- False
💡 Hint: Consider different types of organizations.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
An IT project is running overtime and over budget due to unexpected scope changes. How should the project manager address these changes to keep within budget?
💡 Hint: Think about reallocation and communication strategies.
Question 2
A startup has a budget forecast of ₹50 lakhs for a software development cycle, but they experience a 20% increase due to resource scarcity. How would you adjust the budget to accommodate this increase while ensuring key deliverables stay on track?
💡 Hint: Think about prioritizing areas of the budget.
Challenge and get performance evaluation