Practice Common Budgeting Challenges in IT - 21.9.2 | 21. Budgeting and Budgetary Control | Management 1 (Organizational Behaviour/Finance & Accounting)
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21.9.2 - Common Budgeting Challenges in IT

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is one challenge of changing technologies in budgeting?

💡 Hint: Think about how new tools could affect costs.

Question 2

Easy

How do uncertain timelines complicate budgets?

💡 Hint: Consider how delays might require additional funding.

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 is a common issue related to changing technologies in IT budgeting?

  • A) Fixed costs remain unchanged
  • B) Costs may increase unexpectedly
  • C) Technologies remain static

💡 Hint: Consider how the introduction of new tools can affect expenditures.

Question 2

Are uncertain project timelines a challenge for budgeting?

  • True
  • False

💡 Hint: Think about how fluctuating projects can affect financial planning.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A software development team faces cost overruns because they underestimated the time required due to changing project requirements. Analyze how this issue could be mitigated in future projects.

💡 Hint: Consider how the team's methodologies might need adjustment.

Question 2

Develop a comprehensive budget for an IT project that includes a new technology implementation. Include strategies addressing uncertain timelines and resource fluctuations.

💡 Hint: Think about how you can manage both technical and personnel resources effectively.

Challenge and get performance evaluation