Project Budgeting Practice Exam

Project Budgeting

A project budget is the total estimated cost of completing each project activity over each phase of a project. It's important as it helps set consumption expectations and is critical in getting project approval, ensuring funds are ready at the ideal opportunity, and measuring performance.  "The budget is your plan.

Skills Required

• Self-awareness. 

• Delegation. 

• Self discipline. 

• Organization. 

• Certainty. 

• Critical thinking.

Career Opportunity

• FP and An Analyst.

• Financial Analyst

• Budget Analyst. 

• Management Accountant.

Table of Content

• Budgeting Basics

• Forecasting Techniques

• Risk, Uncertainty and Expected Value

• Budget Analysis

• Sensitivity Analysis

• Variance Analysis

• Costing and Standard Costs

• Valuation

• Budget Reporting

• Budget Performance Measurement

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