Project Budgeting: Definition & Techniques


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What are the four types of estimating techniques?

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1. Which estimating technique uses a project that's similar to another project?

2. What is a project budget?

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About This Quiz & Worksheet

As you work through the quiz and worksheet, you can start seeing how much you know about estimating techniques and the process of project budgeting.

Quiz & Worksheet Goals

Take the quiz to check your understanding of:

  • A method that uses scale-ability to calculate the project budget
  • The meaning of a project budget
  • One of the most detailed yet time-consuming estimating methods
  • Types of estimating methods

Skills Practiced

  • Information recall - access the knowledge you have gained about what project budget refers to
  • Knowledge application - use your knowledge to answer questions about different estimating techniques that companies use
  • Reading comprehension - ensure that you draw the most important information from the lesson on the project budgeting process

Additional Learning

Cover more details by working through the lesson titled Project Budgeting: Definition & Techniques. Some other topics you can review include:

  • Who estimates the project budget
  • Top-down estimating
  • Roles of a project manager